Cites low gas prices, and improved economy. Oil & gas prices ay rally somewhat on this high demad.
January, when all the 2014 tax gains can be deferred until 2016. If there isn't a selloff early in 2015, I'll eat some crow.
I went back over all your posts on Tuesday, and can find no reference to you covering your shorts. That only happened after the market rallied. On Tuesday, you were still mega bearish. I do enjoy your posts thow, often highly amusing.
You said you did. As I have stated before, the real downside fireworks probably won't happen until January-Feb.
It will be quite interesting to watch the China bubble implode. Coming to you in 2015.
"At least the Chinese actually invested in long lived productive assets".
Well tech, they also invested in building oodles of empty skyscrapers, empty cities in the middle of nowhere, etc. U.S. isn't the only country that is a master of malinvestment. Chinese are masters of bubbles, or at least as good as Americanos.
Grant's new book "The Forgotten Depression" about the depression of 1920-21 is very good. Apparently the economy recovered very nicely without any monetary shennanigans at all, just lower tax rates and flexible prices & wages did the trick.
The great bond guru (Grant's Interest rate Observor) is bearish. So are Dan Nathan, Brian Kelly and James Cramer on CNBC. Take profits in TLT.
Probably by March. Disclosure: my record with silver is quite good. Sold position when it hit $50. Now buying it back. G/S ratio near record high--silver very cheap rel. to gold.