Nothing like an about turn to put ones call in doubt.

There is no doubt in my mind though so don't read too much into the bounce today. I am going to post this on my blog with some new software.

I am expecting a down day in the US.

Mickson

Aussie Market set for a fall

Things dont look good for the Aussie. We are up against a line of support, if this baby goes then down she will come.

The Beginning of the End.

I have been waiting so long for this time that it would almost be criminal for me not to have it officially on record that I believe the US REIIT market is about to collapse. Yes collapse.

We are down some 10 - 12% ytd (guess I cannot remember the number and too lazy to look it up), but we are about to embark on some reall selling soon.

My fund is well positioned to the short side, and I must confess to suffering some major indigestion on Monday as I swallowed hard as the market rallied with the Treauries intervention with Fannie and Freddie. I truly believed the Treasuries actions are a lost cause and will have no lasting impact on the equity markets. My views were rewarded the very next day.

As things stand the European markets are looking soft and the US equity futures are down. With the high correlation between US REITs and S&P500 I am looking forward to some more P&L.
We are up for the month after given back some to the market in August, I am really looking for a big month on the P&L side.

Back from the dead

It has been a year since I last wrote a blog and I found something very interesting about keeping a journal and a blog.

Here are some sporadic thoughts:

1. Because a blog is there for the world to see and read, I thought I might do better writing my thoughts in a electronic journal.
2. I think writing my personal thoughts in my journal are fine as that is a perfectly legitimate medium to record frustration and also to try and express psychological issues.
3. I found my writing about the market or my trades was hopelessly juvenile and hard to read and follow from the outside.
4. I am now going to try and once again build up my thinking in a more coherent open forum, whereby the exposure to the world forces one to be more articulate and clear with ones presentation of ideas.

Having said all of that I will start writing again pretty soon.