|
Small Portfolio
|
XLF & IAU
|
16.68%
|
|
|
Position
|
Date
|
Return
|
Days
|
|
DECK
|
6/15/2012
|
-21.84%
|
101
|
|
CVX
|
7/5/2012
|
10.57%
|
81
|
|
RIMM
|
7/16/2012
|
-12.97%
|
70
|
|
UEIC
|
7/30/2012
|
32.62%
|
56
|
|
QSII
|
8/6/2012
|
10.30%
|
49
|
|
SWM
|
8/23/2012
|
4.53%
|
32
|
|
FCX
|
8/27/2012
|
11.49%
|
28
|
|
DWA
|
9/4/2012
|
4.48%
|
20
|
|
DVN
|
9/7/2012
|
3.49%
|
17
|
|
NPK
|
9/21/2012
|
3.26%
|
3
|
|
S&P
|
Annualized
|
6.29%
|
|
|
Small Portfolio
|
Annualized
|
12.64%
|
|
|
Large Portfolio
|
Annualized
|
16.26%
|
Major rebalancing:
1)
Selling – CVX, UEIC, QSII, SWM, FCX, DWA, NPK
2)
Keeping – DECK, RIMM, DVN
3)
Buying – OKE, SEAC, CAJ, DDAIF, SSD, AF, AM
With the rush of liquidity from Central Banks in Japan,
Europe, and the U.S., the industries have basically been turned on their
head. No one has ever done a globally
orchestrated money printing program of quite this nature before.
It’s impossible to nuance this. I’m looking at fifty-two card pickup on a
global scale as large players rush to reposition themselves to take advantage
of (or protect themselves from) whatever is coming down the pike.
On the plus side, we have orchestrated liquidity.
On the negative side, we are facing the fiscal cliff.
The fiscal cliff includes tax hikes, so it’s better to
rebalance now.
The liquidity includes risks of inflation, with the GOAL of
inflation in the housing sector (hence SSD).
The worst sectors on my model include utilities, so that’s
bullish.
I’ll check in the morning and rotate the best opening stocks
on my sell list into the worst opening stocks on my buy list. With luck, I can do the entire rotation in
five minutes.
But I won’t spend more time on it than that. I’ve never had to do this with the model
before, and I have little interest in doing it again.
I’m getting tired of these “once in a lifetime” macro
events. “Once in a lifetime” is getting
routine. Someone needs to give Bernanke
a valium before I need one myself.
Night everyone.
Tim
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