Naked Hedge Fund

The market has been pumped sky high from the start of “Green Shoots” and all the training wheels put on the banks, but is there a rollover in sight? From the poetic 666 low on the S&P today we stand at 972, which is a 46% gain on the S&P! The magnitude of that move is unbelievable especially given the low volume it was done with.

Some of you have noticed the new addition on the right sidebar, which is another step towards the nakedness around here. Im showing my Equity Long/Short S&P portfolio. Let me break down both the widget (box that you see) and the portfolio

I have had some people asking me about the Roth lately so I thought I would put together a few posts about it. There are a lot of confusing articles out there about Roth details and also what the upcoming changes are in Jan 2010.

This post is part 1 of 3 and lays out advantages of the Roth and current qualifications and limits.

Links to some interesting articles for Sunday reading.

A few months ago I dove into some research on the Housing Permits and how they are as a leading indicator since CNBC and gang will base an entire economic recovery call on them. I wanted to see the real relation of the markets moves and this data.

CNBC video showing how they are deceiving.

Report contains: (1) a historical comparison to the mid 1970′s recovery in relation to Housing Permits. (2) Does housing permits predict market tops and/or bottoms? (3) Going forward a view that isn’t talked about, where housing permits reverse and break their lows.

Sorry for this rant, but Im sick of everyone in the media concerning themselves with the facts that GS made a ton of money and are going to pay their workers well.

All the conspiracy theories and websites dedicated to such are probably true, but where does it all get you? Lets talk about relevant information and by relevant I mean makes us money.

If you need a new drinking game for the weekend just watch this interview below and have a drink when he says “bottom line” or if you really want to party have one whenever he says “ok” ..

This interview is classic and filled with dilusional golden nuggets such as he is “111-0 in the stock market”… whatever that means

The Market spoke volumes today as it gapped down with the jobs report prior to the 4th of July holiday weekend. Below are a couple charts that show the damage. First is a 3 month daily chart that shows 3 moving averages (25 day, 50 day, 200 day) .. look how the market got rejected by the 25 day and has broke through the 50 day. The second chart shows a 2 year weekly chart with the 50 day moving average… showing the strength of the 50 day moving average on a weekly basis.

Looks like someone forgot to boot up the computers today that have been doing the majority of the buying in the markets as of late. Or maybe GS and the boys are starting to feel a little heat for all the manipulation?

A very disturbing coincidence is happening over at the NYSE with regard to program trading. The NYSE has moved to decommission the requirement of involved firms (such as GS, MS, JPM) to report their DPTR (Daily Program Trading Report).

A couple of funny comic strips.