Mark your calendars. There is something big brewing in financial markets.
David Einhorn, the ‘hot hand’ with all the money that nobody on mainstreet knows (who is also proving that all the money in the world can’t get you good fake hair), is mad at Bernake and pissed about QE2, explaining his risk thoughts on equities.
Fred Wilson, who has had front row seat as an investor in a bubble or two, is writing today about ‘Storm Clouds’ in the web world.
Jim Cramer is telling his viewers to have 20 percent of their assets in gold ($GLD). Not ‘I like gold, I have been right about the direction, and think it goes higher’…but urging 20 percent allocation to gold.
I have many friends who are having ‘fun’ trading and investing right now. They deserve it as I know them and they are some of the hardest working people I know, but investing and trading are rarely FUN.
At the same time as all this is going on, Facebook just pre launched their email product without an advertising spend to 500 million plus people in probably 500 languages (even $aapl has to buy television ads for it’s product launches). I know this because my daughter was telling me about it in the car and wondering what her email address should be when they launch. She’s 12, has had a gmail account for two years and has switched in her mind before they launched. Facebook is going to suck the life out of many profitable and potentially profitable companies in the years to come.
Oh and Semiconductor stocks $smh, which were the bubble darlings of 1999, are littering the Stocktwits50 latest list.
We have massive pockets of deflation and inflation going on at the very same time and it’s all connected globally.
This is not a prediction post as I am very long and will never be the guy to go all cash. I have though been on leverage (covered on this blog) for periods of time in 2006 and 2007.
What do you think lies immediately ahead and what strategies work at moments like this…please do share…