This blog is a record of my market thoughts and trades in real time. I started trading with my savings in January of 2007. My strategy is based on macroeconomics. My idol is George Soros. My style is based on identifying where mainstream market beliefs differ from mine. You may email me at levinegregoryj@gmail.com. Thank you.
for the Homebuilder's index. With rates more and more likely to go up, and the Fed's aggressive (lately) stance on inflation, the target needs to be lowered. In the 1990 housing recession, homebuilders traded down to 30% of book value. My new target is moved from 20% under book ($25) to 50% of book, or $17.50.
posted by The Obfuscation Oracle @ 7:42 PM
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My strategy is big picture. I am fascinated by credit flows and how central bank and government policy interacts with global trends. I try to time bubbles, predict trend changes and invest accordingly. An inquisitive, contrarian, and skeptical attitude come to me naturally. I believe two things about investing. First, there are plenty of analysts who can pick out which snail (or tech company) will beat the other snails (or tech companies). What I want to know is, "Which asset class is the cheetah standing still?" This is what I have invested years of my time, energy, and thought process to do: understand the confluence of finance and economics and how to speculate on that knowledge.
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