Dec 08
29
Some working vacation this has turned out to be. I’ve been as sick as the U.S. economy for almost a week. I contacted Washington to see if I could qualify for TARP money but have not heard back. There are three things I truly dislike; The Dallas Cowboys/Jerry Jones, TOUT-TV (CNBC-TV) and going to doctors. My spirits were uplifted thanks to the Philadelphia Eagles and I now get both Bloomberg and Business News Network on the computer. Unfortunately, I had to go to the doctors last Friday. I’ve had bronchitis numerous times and it appears I need to get a chest x-ray and pulmonary test. Thank God it wasn’t a brain scan as I know what the results would be based on my junior resource performance in 2008.
I feel somewhat better (especially since I just heard Mangini was fired as the coach of the Jets) and hopefully BNN will be able to arrange for me to go to their NYC studio to do my interview tonight.
Despite holiday trading conditions, I do think some new advice is warranted (over time you’ll know if it ends up worthy). I’m going to start some sort of model portfolio that I will need to find a way you can track it on the blog. I’m going to use today’s share prices as the original recommended price and keep some sort of open model of bearish, bullish or neutral on markets in general. Please give me some time to address this.
With this in mind, here we go:
As you know I turned bullish on oil. Today, I’m officially recognzing the following oil-related stocks that will go into my Tracking List They’re:
DXO-NYSE $2.01, OIL-NYSE $20.35, HOU-TSX $1.95, IYE-NYSE $26.81, XLE-NYSE $45.16, HEU-TSX $3.89 These are all ETFs. As noted in my previous oil-related commentaries, depending on your individual needs and circumstances, you should consider a plan allotment plan to these investments.
While I still think the 10-year U.S. Treasury Note can go under 2% yield, the time has come to begin a process of shorting U.S. Treasuries, which are the last asset class in a gigantic bubble. To do this, I would use PST-NYSE $51.88 and TBT-NYSE $36.40. Again, each reader needs to look at their own needs and wants to judge is this worthy and how to allocate their portfolio.
Since starting the blog, I’ve spoken about two mining and exploration shares, NAK-AMEX $3.36 and Hudson Bay Minerals TSX $2.90. I don’t believe the companies I’m engaged by should be part of a model portfolio because of the conflicts of interest and potential bias but they will continue to be featured on the blog.
Okay, my so-called vacation is over and barring any further health issues, I hope to be back to you here as often as needed. Thanks for all the great support and through the grace of God 2009 will be a great year.
