April 13, 2009
2009-4-13: The charts below seem to be flattening out,
suggesting some kind of topping, or consolidation phase.
Peter Brimelow's article tonight is Weighing the 'flations.
He reviews Harry Schultz' conclusions that at the moment, we're deflating,
but that at some point in the future, we'll switch from deflation to what
could be massive inflation.
Paul Farrell offers, The decade strategy:
on investing in a long bear market, one that could span all the way
through to 2020."
I promised last Thursday that I would write more this weekend about my own
plans for investing in overseas markets. The reason I haven't kept my
promise is (1) that I've been calculating furiously and contacting the
investment advisors available to me concerning leverage investing
strategies, and (2) according to every investment advisor available to me,
the stock market is considered to be seriously overbought right now after
a record-breaking run-up over the past five weeks: viz., Jeff
Saut: Strategies for an Overbought Bear Market.
I've just finished selling two U. S.-based investments I've made over the
past few weeks, locking in my profits. For the time being, I'm hanging on
to small investments in Suntech and the Wilderhill Green Energy Technology
ETF, and to the Chinese stocks recommended by the China and Emerging
Markets Newsletter, but that could change if this market starts to go
south. Whether the approaching correction results in a successful retest
of the market's November lows, Prieur
Perspective: Equity Lows Behind Us?, or whether it leads to new lower
Morning Quarterback: Masters of the Obvious, Why
the Crisis Isn't Over, this looks like a good time to take some
profits off the table.