This is going to be an interesting day. With March INITIAL unemployment numbers coming out, the market is going to react positively no matter what. Why? Because BOG is throwing so much money at the problems, stuff is going to stick and the shorts are going to be getting a taste of their medicine.
The White House is developing a hedge fund to manage $500 billion in toxic bank assets.
So time to adjust a bit our doomsday scenario.
We are putting money at work in highly leveraged situations.
Recent moves in stocks like Honda ( up 50% YTD) suggest that the US consumer isn't going to be content on a 8.8MM volume of car sales. I think 14MM is more of an acceptable and reasonable estimate so the market will discount ahead of a uptake before the summer. It won't help Chrysler and communist funded GM but I would look to Toyota to do well. Anecdotal evidence shows Chinese sales are up 20% showing that there IS a middle class somewhere...
I also am putting money in WFC, BAC as a good bet for a west coast led uptick,
Now for VERY speculative nuts Mirage and Sands are good casino money bet. Theie balance sheets are so messed up consolidation is inevitable.
HIGHEST EQUITY HOLDINGS since 2006
We sold gold companies ETFs and holding to gold bullion. We see gold in the 800sd before it's next up phase to 1200-1500
The Loonie is a great currency these days, dump the USD
Good trading to you
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