Wednesday, February 07, 2007

Global Warming Empiricism

It's been so warm recently (except when it's ice cold) that many notables have even gone "commando".

I won't provide a link but for a hint, think "Spears".


Tax Shelter said...

I want to go on record as predicting a "suitcase nuke" explosion in Manhattan.

Is this 90% cash talking?

CaptiousNut said...

My portfolio allocation is a function of many variables.

Quite frankly, most people have very few investment options within their ken or at their disposal: stocks, bonds, and real estate. (note all are incredibly leveraged to low interest rates).

Since I can trade and make enough money doing so, I feel no compulsion to passively invest. It's a risk that I don't have to take.

So, no, the nuke prediction isn't what's got me in cash. I have always been a cash kind of guy - for better or worse, mostly because I trade.

Tax Shelter said...

I think when you say 90% cash, you probably meant 90% overnight. If your are fully invested, or even leveraged, during the trading hours, then can you really say that you are 90% cash? I am not sure. For example, if your futures position is $10 million and is leveraged 10 to 1, then it doesn't matter if you have another $9 million in the bank, your are fully invested for the duration of the trade.

CaptiousNut said...

For sure, trading adds its own set of risks.

How did we get dislocated to a "global warming" thread?