Should we be Euphoric that Ben's Printing Money?

PUBLISHED: Sep 20 2012 @ 04:59 | Comments (0) | More info about Clem Chambers

Well, my crazy punting account that includes short EUR v pound, Value click, Alcoa, Sprint and an over allocation of Trinity Mirror (I already had enough in my portfolio) has reached the ceiling it gets to before the market collapses and burns it to the ground again.

It has basically gone up 400% this year and normally I would expect it to get whacked by 65%. Rather this is the cycle it goes through in its crash dummy life. It is 3 times leveraged.

With the Dow at a charting high it would be no surprise for a violent fall back, but I don’t actually expect that even though my tendency to expect trouble after good times tells me it might correct.

Anyway it is not for me to expect to know the future, just pick good stocks! This account is not to make money it is for trying out innovative ideas with live ammo.

We shall see in the days ahead. I can’t actually see the Euro rocketing up now or Trinity Mirror falling way back. So its up to the US markets to bite me, if the account is going to go blazes again.

In the portfolio I can’t believe I have bought a clip of RBS, I must be getting euphoric but with out friend Ben printing and Super-mario about to do so as well, it’s hard not to take the riskier edge of the curve.

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