torsdag den 26. marts 2009

The generation of random numbers is too important to be left to chance - Robert R. Coveyou

Dear Investor,

What would happen "if"..and that's if we had one full week where the Fed, Treasury or Obama did not give away or promise to give away yet another 1 trillion US Dollars?

This is becoming a farce - it seems the more money you print the better the world will be.... I guess the short-sighted quarter by quarter focus of the corporate world has moved into both politics and policy makers - however through this sceptical (objective ;-)) observers eyes this is merely an exercise of buying more... TIME -- the one thing which is running out for the policy makers....

They are now so addicted they MUST create a new plan a week to keep the illusion in place..... what does this remind me of ? Ah, yes..the Madoff Ponzi scheme..... We are today nowhere closer to dealing with the issue of global growth crisis than 12 month ago, if anything the noise coming from Governments has darkened the transperency and increased the morale hazards...

The US is now politically similar to Russia before Gorbachev came to power - the STATE is the all mighty ruler - no wonder Ayn Rands, Atlas Shrugged is selling better than ever.........http://www.economist.com/finance/displaystory.cfm?story_id=13185404

On the markets: felt good boarding my night flight from Stockholm, the market was performing as I thought it should with S&P below 800-00 - upon exiting there was a buy program in place.. catapulting the market back to plus for the day - confused? Join the club - however, true to form, I have had no change of hearts or plan... remain loaded in cash, and with some chips on the down-side in the next few days...

Tech.wise 840-850 may beg first... watch 45.76 ish VIX (now @ 42.25)....

Safe trading,

Steen Jakobsen

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