Monday, September 5, 2011

It's All About Europe Again. Where Are Their 3 Stooges, Hank, Tim and Ben?

SGS is LONG (As of close of 8/24/11) 
RTS 200110825 Long Portfolio (Bench Mark)

My Long Term Portfolio
I'm 50% in (IWM, QQQ, SPY equal $)
On Friday I bought my first buy of RTS stocks at SPX 1176.

Europe got hit big today, specially European banks who are to lose a great deal of money unless they're made whole by European Governments (more like one government and that's Germany).  The issue with those governments is that they are not as corrupt as ours so socializing big private companies' losses and debt obligations won't be as easy it was when GW, Dick, Hank, Tim  and Ben did it in 2008.

I think what's happening in Europe will be turn out to be bullish for our markets.  Money will leave Europe and find its way to US markets.  Downside risk is very limited and sells offs during this month are buying opportunities.  My plan is to do more buying (RTS stocks) if I see indices sell off better than 2.5% during the day this week.

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.