Hi Felix, I've been in cash for a month or so, seemed like a range market in equities, with only few super cash rich companies pulling indexes slightly up. Not a great environment for my discretionary trading, so collecting safe interest, waiting for conditions to change. Intuitively I don't see much upside in equities till credit markets get better, then you have seasonality effect coming into summer. We shall see by fall, keeping my eyes on rates and defaults. Meanwhile I'm focusing on other stuff, including acquisitions, some private equity work and expanding quantitative side of things. How you've been doing?
%% TECH,QQQ sector /good uptrend; CVX sector good downtrend\ CVX sector= such a good downtrend, i'll have to beware of buyers lik$3.33 buyers in NINE. Amazing + shocking low, [many stocks ETFs] low volume on US debt budget day May 8. Amazing US gov overspending, most likely will not default. US may get another debt downgrade?? barchart.com still has a 88% sell on CVX\sectors till weak