ljsquid's  Instablog

Send Message
For the 15 years through 2012, Laurent has outperformed the market with 16% annual returns, compared to 5% for the market. Laurent's international career has stretched through US and Europe. He earned an MBA from Boston University and an MS in Engineering from RPI.
My company:
Longs, Shorts, and Mini-Skirts
  • Closing Position In Eaton Vance Tax Managed Buy Write Opportunity Fund 0 comments
    May 28, 2013 9:41 PM | about stocks: UUP, ETV

    Stocks had their first weekly decline since April 19. The 1% decline was due largely to Bernanke's hinting at the eventual end of QE. Japanese stocks fell off a 7% cliff. Morgan Stanley's Chief US Economist Vincent Reinhart states that the slowing of bond purchases could start in September. This would kick into gear the strengthening of the dollar as the government slows its weakening of it. Dollar strengthening against the major currencies would boost the share price of Powershares DB US Dollar ETF (NYSEARCA:UUP).

    We are going to sell Eaton Vance Tax Managed Buy Write Opportunity Fund (NYSE: ETV). We made 38% from 11/11/11 compared to 27% for the market.

    Disclosure: I am long UUP.

    Stocks: UUP, ETV
Back To ljsquid's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.