It is long but about 2/3 of the way down the author spends some time with a survivalist in the mountains just outside of Prescott, AZ (no mention of Walker and neither Joellyn nor I have heard of him).
Included in the article are several very good one-liners including this one;
But we’re in a strange moment in American history when a mouse-eating barefoot survivalist in the mountains of Arizona makes more sense than the chief investment strategist of Merrill Lynch.
7 comments:
Hi Roger: Sorry to post a comment from the last thread but I am wondering if you ever trade off the 200 day moving average from some of those countries you mentioned...as an example, Chile and China etf's have both recently moved above their respective 200 day MA's. What is your take on buying them (possibly with stops)_ now that this has occurred? Would greatly appreciate your thoughts. THanks! Bob
when the SPX goes below its 200 DMA that is a warning to to get defensive in the portfolio, at a particular time the best way to do that might be a country.
a different type of example, I sold China in June 2007 (about six months early) because i felt it was extended. it probably was but then got more so. over the years i have reduced and then increased country exposure for several different reasons.
Rodger - would you mind sharring with us who is the must listen to/must read of people you follow? You may not want to share that for obvious reasons, and of course we have a sense of who is included from past posts....
Thanks either way for all of your posts. You are one of my must reads.
there is no way I will remember all of it off the top.
my general strategy during the week is to start with seeking alpha (i get an email with all the stories). of the SA people I gravitate to would include Zerohedge, MoneyMorning, Felix Salmon, Paul Kedrosky, Prieur, Peter Schiff, Bill Luby and several others.
Then I go to Alphaville and work through that clicking on the various things they link to including several of the FT columnists. This takes a while.
IndexUniverse.
I make my way at some point to Calculated risk, Yves Smith and Mike Shedlock.
I pick articles off at WSJ from the front page of the online C section and the home page and invariably the stuff i miss gets linked to in other things I stumble across.
Hussman and Barron's are weekly reads. I read Barry Ritholtz and Adam Warner. I have quite a few new feeds that I pick content from. Bloomberg is great for all sorts of things including Jimmy Rogers and Marc Faber.
I seem to get a fair bit of Ambrose Evans Pritchard. The FT is pretty good about Albert Edwards, I look at the NZ Herald every so often as well as the Sydney Morning Herald.
There is no way that is complete but it gives a sense.
That was an amusing article. I knew Goldberg was a good writer but didn't realize he was capable of irony. Loved the bit on the BSD’s at the party and Mt. Man Lundin is a very good example of how nuts is not the same as stupid: Speaking of which, corporate and market insiders are selling; e.g., http://tinyurl.com/cfaffg
Luby posted this today:
Two important ETFs, XLY (consumer discretionary) and XHB (homebuilders) have moved above their 200 day simple moving averages today for the first time since early October.
Among other important indices and ETFs that are closing in on their 200 day SMAs are the NASDAQ-100 index (NDX), semiconductor index (SOX) and emerging markets ETF (EEM).
If the current bullishness holds, we may see widespread moves above the 200 day SMA – and the possibility of renewed buying interest…or an opportunity to take profits.
I am cautious as the SPX approaches 875, but am not interested in a substantial short position until there is some sort of bearish momentum
The mouse eater lives near Seligman. Hardly just outside of Prescott. Little inaccuracies like that always make me question what I am reading.
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