Prudent Man CFA

ETF Trends: Equity Bulls Charge Forward Where Bearish Angels Fear to Tread

Confidence is nice. Rationality is better.

The Green Shoots of April: Some Reasons for Market Optimism

The negatives, which are continuing to increase, outweigh the positives regardless of what the markets do (see 2000 & 2008 after the recessions started). Discounting is a Wall Street myth used to peddle garbage to the great unwashed, lazy institutional investors. April is a great example of the lemming approach of the naive fearing they will miss a move. The smart money has to sell to someone and there are less smart investors than dumb ones.

If, as an institutional investor, I miss a market move all I have is cash in a short-term deflationary environment without the many risks inherent in securities investments.

The risk of being long outweigh the potential gain considering we are in a era where the BHO Industrial Policy is picking winners and loser and, potentially, all will be losers.

What has anyone in the BHO Administration every successfully managed?

Getting Out of the Debt Crisis: Just Renounce It

I am afraid this is correct.

Why anyone would want to be a partner with Tim Geithner and BHO is beyond me. They are inveterate deal changers and flip flopper's. As Geithner, who as President of the NY Fed was cozy with all of the players (see 4/27/09 NYT) who levered the economy into insolvency, continues to disingenuously state that he "inherited" this crisis that he was a major part in causing I see little recovery in this situation unless Congress gets some honesty.

The budget BHO signed and the debt he and Congress has put on generations is theirs. As long as the voters stay clueless (or in denial) of our current fiscal situation and policy the politicians will continue to defer allowing the Free Enterprise System to work it wonders.