Tuesday, October 14th, 2008...11:43 pm
($SHY) ($TLT) ($KRE)
Here I invoke Hitchcock’s suspended sense of disbelief. The bulls are invited to ogle the lovely uptrending prices show above. Indulge in the possibilities of a growth boom. Now snap out of it. I scanned 400+ ETF’s (equity, currency, commodity, etc.) to get these. And frankly, TLT is a few points shy of a double top reversal (but more likely to triangulate), SHY has a longer term version of the same, and only KRE holds any interest to me.
I have a theory about regional banks (like those represented by KRE). Methinks that demand for “sweat of thy face” loans is coming into fashion due to “face value” loans losing face. It’s called integrity, and it only exists face to face (not even available in HDTV). I just moved a substantial portion of my trading off-line with that concept in mind. I could build a portfolio more robust than most economies - representative of gold, municipal taxation, technology, innovation, real estate, blue gold, energies, etc. - but in the blink of an eye (or just a week or two), someone could throw a switch and I would be penniless. Without the actual property claims and actual controlling contracts and actual armies to fetch my assets, the suspended sense of disbelief has the power to destroy electronic market participants.
And I still haven’t found what I’m looking for (gotta love U2):
