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Year 3, Week 16 Major Position Changes
To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.
Cash: 80.5% (v 83.5% last week)
23 long bias: 18.9% (v 13.0% last week) [includes 1 option position]
2 short bias: 0.6% (v 3.5% last week)
25 positions (vs 23 last week)
Weekly thoughts
Thanksgiving week, a time for reflection...celebration... and speculation. Especially speculation. Markets are almost always in a good mood, as institutional investors rest and the daytrader class take the market over especially later in the week. I expect web traffic to fall off a cliff as only I, and the retail investor bother to show up so maybe I'll post party pictures of Nouriel Roubini to keep things fun. I read late last week that this is not just a gut feel but also backed by statistics; Thanksgiving week is up nearly 70% of the time since 1950, and the 2 day period surrounding Thursday (Wed + Fri) is up over 80% of the time. Those are Goldman Sachs odds! But even more important than the market is what happens in individual stocks ... the most speculative of fare generally does well this week.... in this current era that means solar stocks, dry bulk shippers, Chinese small cap names, biotech names who don't have a chance to make a profit until 2027, and perhaps even the big 3 - Fannie, Freddie, and AIG. Party on Garth.
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