Naked Hedge Fund

The big economic number of the week is the Retail Sales numbers coming out Friday from the U.S. Census Bureau. For those that are interested to look at more details on the numbers you can go to Census Bureau . The upcoming numbers are for the month of November. The market is expecting an increase of 0.6% month over month (from Oct to Nov). The prior month saw an increase of 1.4% (from Sep to Oct)

Naked Hedge Fund Weekly report. PDF on post.

Tops and bottoms in markets are an exciting event that consistently lure investors into pulling the trigger too early. No one is immune to the temptations and commotion surrounding these events. This is especially true this day and age with all of the potential skeletons in the closets of banks that they are holding closed for the time being. Jumpiness is never a good thing when it comes to trading.

A couple of interesting videos on a couple of the latest topics

Naked Hedge Fund Weekly report. PDF on post.

As a play off of Japan’s “Lost Decade” I wanted to show a decade long chart of the SPY (S&P500) to put things in perspective. The point being if you are typical investor out there you have invested for the past 10 years and are still at a loss. Typical investor being someone who is involved with the ridiculous scenario of being unable to play the short side of the market and are continuously getting duped into buying dinosaur long side mutual funds for maximum kickback for their broker. We are still in a dangerous area for these types of investors and if you are one of them (Don’t worry no one can see you) this chart should be a wake up call that you need to get control of your money and your future. I understand that the 401k does the contribution matching, which is free money and should be taken advantage of, but you need to learn how to protect and hedge yourself. This way you can make money no matter which way the market decides to go.

Naked Hedge Fund Weekly report. PDF on post.

I know that this is a post that I have done before, but I wanted to revisit it since a lot has changed since this post was originally made. With the terrible foreclosure numbers that came out yesterday are we finally moving out from the “eye of the storm” on the mortgage reset chart or is this rise from a different animal such as “strategic foreclosures” ?

From the Financial Times article:

Goldman Sachs on Tuesday apologised for its role in the financial crisis and pledged $500m – or about 2.3 per cent of its estimated bonus and salary pool for 2009 – over five years to help 10,000 small businesses across the US recover from the recession.

The moves come as Goldman tries to defuse a political and public backlash at its plans to share billions of dollars among top dealmakers after rebounding sharply from the turmoil and earning record profits in the first nine months of the year.

Lloyd Blankfein, Goldman’s chief executive, told a corporate conference in New York that the bank regretted taking part in the cheap credit boom that fueled the pre-crisis bubble. “We participated in things that were clearly wrong and have reason to regret,” Mr Blankfein said. “We apologise.”

Naked Hedge Fund Weekly report. PDF on post.