I’ll probably release the opening segment publicly, but the screenshot gives you an idea of where it is going. NFTRH 267, a damn good and rational market letter… is out now.
By Bob Hoye
The following is part of Pivotal Events that was published for our subscribers November 21, 2013.
“The Fed Should be Seeking Redemption”
Signs Of The Times
“Fitch Ratings has downgraded the credit worthiness of Chicago’s bond debt
because of its public pension problems.” – Yahoo, November 11
So this week a writer comes to the realization that he sometimes beats up readers with the ultimate truths (as he sees them) on the big picture macro view. Meanwhile, there are interim views like a cyclical stock bull market that may be entering a mania phase. Why not play that (as rationally as possible) as well? Personally I do, with certain sound equity holdings. Why not talk about those more often, eh dour writer boy?
Why beat everyone up with the big macro all the time? We are human and sometimes we need to lighten up a little right? So NFTRH 265 institutes change on the interim while not altering the big picture, because one thing I do not want to alter is the truth as I interpret it. So we’ll be ready for the mania’s end as well, of that I can assure.
In light of a strong ISM and Semiconductor cycle (among other things), we review the simple (daily chart trends) and the not so simple (big picture macro trends) and a whole lot more to assure we have got eyes wide open with respect to our own assumptions and the facts, both technical and fundamental.