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tracking some ETFs, commentary
short – expecting downturn sooner or later – not actively trading starting 8/9/2011. 40% decline usual in a recession. down some but more to go – Rosenberg / Mauldin. Greece big current worry. Portugal, Italy could be next. putting EU and euro in jeopardy as well as Angela’s tenure
trade – 9/20/2011 – SLV 38.65  FAZ bear 3x 57.33
hold – income NLY eg. 5500 @ 18.16 1/1/2011 dividends ytd $6986 – 3/29/11 $3410 (0.62). 6/28/11 $3575 (.65)
* EUO – short Euro (10%) $17.36
* DOG – short DOW (18%)  $45.65
* QID – short QQQQ (72%} $59.70
* S&P – reference starting 8/15/2011  1200
history
* euo  dog  qid  s&p

* 9/19 euo 18.51  dog 42.76  -qid 47.18  ..s&p 1204 – lots of problems with Greece. default most likely. taxpayer money to banks after default may be best option. new fed strategy more a bernanke “game” than any real chance of changing course off current trajectory. hussman – looks like argentina all over again. save euro by having weak countries leave.
* 9/10 ..euo 18.60  dog 44.43  qid 53.77  s&p 1154
* 8/20 euo 16.82 dog 45.44 ..qid 61.78 -s&p 1123

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