Monthly Archive for: ‘February, 2011’

> One of my favorite analysts is Dennis Gartman, the highly regarded Editor and Publisher of the daily Gartman Letter. Here is what he had to say in his Thursday, February 24th, letter regarding oil futures: “At this point, all we can rationally say is that one can pick-a-number when it comes to prices. We shall believe almost anything at [...]

> For the past several weeks, we’ve been intending to boost risk exposures in our portfolios. In our view, the cyclical backdrop has been steadily improving (notwithstanding current geopolitical concerns), which should continue to be supportive of equities for the next few months, at least. However, given the market’s surge since late November, we’ve been patiently (some might say “wrongly”) [...]

>When equity markets are under selling pressure, as they have been this week, capital tries to find safe haven investments to flee to until the selling pressure eases. Over the last few years, and especially during the credit crisis of 2008, the safe haven for capital usually was the US dollar and US Treasury bonds. As the equity markets fall [...]

>Portfolio manager John Hussman has had a tough year in his growth fund (which is a holding in three of our investment strategies), as his very cautious forecast has led him to maintain a very defensive posture by hedging his equity exposure despite a rapidly rising market. For months, he’s argued that the market is facing a specific set of [...]

> Pinnacle analysts do not get the luxury of taking a personal risk questionnaire to predetermine their attitudes towards risk. To be successful in professionally managing money requires the ability to determine when risk should be put “on” and when risk should be “taken off.” It is the ability to objectively determine when risk is worth taking that separates the [...]