CLARK'S GATE TIMING SYSTEM ©
Monday 2 November 2009
India’s central bank Governor Duvvuri Subbarao described inflation as a “regressive tax,” justifying his steps yesterday to start withdrawing the monetary stimulus as price pressures build. “As far as public policy is concerned, it has a commitment to insulate the poor from inflation - it’s the prime consideration for the Reserve Bank of India and the government.”
Ok. If the party IS over, won't the Ultrashort ETFs be making bottoms and heading higher? Yes.
A couple themes today: 1) Ultrashort ETFs are bottoming; 2) Emerging Markets are in trouble; 3) Gold SHOULD NOT be shorted here (despite all the recent articles suggesting gold is overpriced and will be collapsing soon).
Let me know if you have questions
Disclosure: the author owns none of the issues mentioned in this letter.
A draft of the book Turn Out the Lights can be found at the website below. This book is a description of the metaphysical causes of the economic cycles of expansion (Day) and contraction (Night).
Michael J. Clark's Gate Timing System
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