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May 2017
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Market Nirvana

                Only 240K people lost jobs in July, and Wall Street is in full celebration mode.  The market is going higher but not as high as it would of gone if Obama didn’t squeal last night.  But two very important intangible events have happened today that no one is talking about. 

First, the market is up while the dollar is strengthening (especially against the Yen, Pound and Euro).  So I’m going to sell half of my emerging market stocks and move them back into dollars.  Not because I don’t think emerging markets are a good buy but because I think that the currency + market appreciation of the last 6 months have been breath taking, so I’ll cash in amazing gains.

Second, the market initial reaction was somewhat hesitant about buying.  Thing clearly tells me that investors are having second thought about buying the stock market at these levels.  I been expecting a correction for months, and it is months over do.  Sure, I under estimated how dumb the average person is or how much GS can manipulate the market.  At these levels however, I cannot buy stocks with my dollar so park them until I see real assets worth buying for cheap.

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