"Even in our sleep, pain which we cannot forget falls drop by drop upon our heart, until, in our own despair, against our will,
comes wisdom, through the awful grace of God." Aeschylus, Agamemnon, as quoted by Robert Kennedy on the Death of Martin Luther King
03 August 2010
Mutual Fund Cash Levels Are at Bearish Record Levels
These sort of record low cash levels in the funds are generally indicative of a short term top in equities.
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Need Little - Want Less - Love More
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.
Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflection on general macro financial and economic events and trends.