Over the weekend I hope to update this blog's template to make it organized a little more efficiently. I'm not a web designer, and don't hire one, so every once in a while the site gets unappealing in my eyes and I try to refresh it a bit. I'm just letting you know so if you visit here over the weekend and things are screwy, you'll know why and that it will be fixed shortly. And please give suggestions if you think improvements to the layout can be made.
On an unrelated anecdotal evidence tangent, I got a call today from a client who requested I slash their financial services exposure by 50% (it had been a market-weight allocation -- 18%). This type of anecdotal evidence often serves as a contrarian indicator, so I am interested to see if financials bottom out here in coming weeks and months. I got the call at 2:43pm central time, when the Financial Select Sector SPDR (XLF) was trading around $26.70 so we can track this random indicator. Maybe it signals capitulation, maybe not, but it's always amazing to see how many times capitulation indicates that a bottom is near, even in something as random as this situation.
Have a good weekend!
Friday, February 22, 2008
A Fresh Look and a Possible Anecdotal Contrarian Indicator
|
|
Subscribe to:
Post Comments (Atom)
Disclaimer:
The content contained in this blog represents the opinions of Mr. Brand. Mr. Brand may hold long or short positions in the securities discussed in this blog, but such positions will be disclosed. All of the information contained on this site is believed to be accurate when published, but mistakes could inadvertently be made.
This commentary in no way constitutes investment advice because a reader's individual investment goals and risk tolerances will dictate which investments are appropriate for them. This blog is meant to be one of multiple sources of information for readers to conduct their own research in order to make personal investment decisions.
Be sure to consult an investment professional before acting on any information that is contained in this blog. If you do not have an investment professional to work with, feel free to contact Peridot Capital, which is a registered investment advisory firm and works with clients individually.
Copyright © 2004-2008 Peridot Capital Management LLC
0 comments:
Post a Comment