November 1, 2015

11-01-15 – Statement

I’m up 4.66% on the year, and the S&P 500 is up 2.65% (total return) on the year.  So I’m up by around 2%.  The steep move during the month of October was not good for me… I remained cautious, and held large cash positions.  I’m actually currently net short  just a little bit, with my largest short positions being Nike, Altria, Microsoft, and ADP.  All of them are overdone and I’ll wait for around a 5% pullback, then sell.  I still have large cash positions.

I’m still bullish the energy sector, and feel that after a pull back, this market will set new all time highs before the end of the year.  There’s nothing standing in the way and the central bank printing presses are in full production.  I predicted the Fed would not raise rates this year, and that appears to be the case.  I highly doubt the Fed will raise in December.

This is a somewhat neutral market though, with individual stocks being winners & losers.  This is full a “gamesmanship” market IMO, but one that will set a new all time high before the end of the year.  Profits actually aren’t that bad.