Some working vacation this has turned out to be. I’ve been as sick as the U.S. economy for almost a week. I contacted Washington to see if I could qualify for TARP money but have not heard back. There are three things I truly dislike; The Dallas Cowboys/Jerry Jones, TOUT-TV (CNBC-TV) and going to doctors. My spirits were uplifted thanks to the Philadelphia Eagles and I now get both Bloomberg and Business News Network on the computer. Unfortunately, I had to go to the doctors last Friday. I’ve had bronchitis numerous times and it appears I need to get a chest x-ray and pulmonary test. Thank God it wasn’t a brain scan as I know what the results would be based on my junior resource performance in 2008.
I feel somewhat better (especially since I just heard Mangini was fired as the coach of the Jets) and hopefully BNN will be able to arrange for me to go to their NYC studio to do my interview tonight.
Despite holiday trading conditions, I do think some new advice is warranted (over time you’ll know if it ends up worthy). I’m going to start some sort of model portfolio that I will need to find a way you can track it on the blog. I’m going to use today’s share prices as the original recommended price and keep some sort of open model of bearish, bullish or neutral on markets in general. Please give me some time to address this.
With this in mind, here we go:
As you know I turned bullish on oil. Today, I’m officially recommending the following oil-related stocks that will go into the model portfolio. They’re:
DXO-NYSE $2.01, OIL-NYSE $20.35, HOU-TSX $1.95, IYE-NYSE $26.81, XLE-NYSE $45.16, HEU-TSX $3.89 These are all ETFs. As noted in my previous oil-related commentaries, depending on your individual needs and circumstances, you should consider a plan allotment plan to these investments.
While I still think the 10-year U.S. Treasury Note can go under 2% yield, the time has come to begin a process of shorting U.S. Treasuries, which are the last asset class in a gigantic bubble. To do this, I would use PST-NYSE $51.88 and TBT-NYSE $36.40. Again, each reader needs to look at their own needs and wants to judge is this worthy and how to allocate their portfolio.
Since starting the blog, I’ve spoken about two mining and exploration shares, NAK-AMEX $3.36 and Hudson Bay Minerals TSX $2.90. I don’t believe the companies I’m engaged by should be part of a model portfolio because of the conflicts of interest and potential bias but they will continue to be featured on the blog.
Okay, my so-called vacation is over and barring any further health issues, I hope to be back to you here as often as needed. Thanks for all the great support and through the grace of God 2009 will be a great year.
explaination of US bankers economics. You will like this one Peter!
http://www.youtube.com/watch?v=dNA1D1DS5Fg
Hello Peter,
Is there an ETF that Canadian investors can use to short the 10-year U.S. Treasury Note?
Thanks
Nad
I don’t know but maybe one of our readers does
Hi Peter,
I’ve always enjoyed your advice and humility when you appeared on ROB TV/BNN and I’m happy to have found your blog.
For Canadian investors, Horizons Beta Pro has a double exposure ETF to short the 30 yr US treasury, I believe the symbol is HTD.
Peter any comment on the reverse split comming on jan 1 of the hou
Juan – Thanks for the insight. In the junior resource market, it’s either humility or death
Chris – No not really. It’s just one of many ways now to play oil and to come
Hi Peter, and Readers of the blog
I have the same question for you both. Are you bullish, bearish, or neutral on Agriculture right now. I have been watching DBA and have noticed it came back up to it’s 50 day ma a couple weeks ago and now is above this level.
Where do you see Corn, Wheat, Sugar, Soy prices at 3, 6, 9, 12 months out.
For those of you who don’t know, these for commodities make up the DBA. etf.
Would appreciate all responses to this question?
Peter,
Thanks for the update recco. As per your previous posts I’ve taken a position in DXO and HEU. Do you think its necessary to expand the ‘energy portion’ of ones portfolio beyond that to the other
ETF’s and if so , why?
Thanks in advance for your answer.
Superstar
Peter,
Please do continue to comment on the companies you consult for; many are still in my portfolio.
Also, for those interested, my year end missive is here:
http://investletters.com/blog/merry-christmas-if-you-can/
Regards,
Roger.
Hi Peter
Glad to hear you are feeling well again. I guess more than the market can make one sick these days!!!!!!!
Did you mean Hudbay Minerals and not Hudson Bay Minerals in todays blog??
Regards
Alan
Alan – Yes. I guess i lived by the Hudson River too long.
HiPeter,
Good to hear you are feeling better.
Please clarify on the consequence of reverse splitting for HOU. Is it better to buy it before or after?
Regards,
Hey Peter – Happy New Year!
I want to chip 2cents in here about your health. You know how important it is and it troubles me that you have been ill a few times this year. If you haven’t seen a Chiropractor and acupunturist I’d highly recommend them. If you were on antibiotics a few months ago you could still be in need of taking some probiotics. Heath it like the finance / government landscape. Typical medicine can spend so much time trying to prop up symptoms of a sick system when they should look at underlying causes like Chiropractic and acupunture do.
I hope this is of use to you can you will be blessed with superior health in 2009!
jair
Thank you and all who wish to help this overweight and under exercised man from New Jersey.
Peter