The Mother of All Short Covering Rallies continued today as investors rediscovered their love for financial stocks.
If you are not sure what the hell is going on, don't worry, the U.S. government will not allow capitalism to fail.
In fact, Comrades Bush, Paulson, Cox and Bernanke want to reassure you that everything is fine now that they bailed out Fannie, Freddie and AIG, coordinated a global effort to pump billions into the financial system, purged the stock market of those "evil" short-sellers and created a government agency to offload all that toxic debt sitting on the banks' off-balance- sheet books.
Welcome to "NeverFail Land" where you can now literally buy a list of financial stocks whose shares cannot be shorted. If you prefer, focus on a list of Ultra Proshare ETFs where you can make twice the daily return of the underlying stock index. The favorite one these days is the Ultra Financials Proshares (UYG), which closed up 17% today.
(Note to capitalists: Make sure to avoid any UltraShort Proshares; those are for evil communist short-selling pigs!)
This blog was created to share my unique insights on pensions and investments. The success of the blog is due to the high volume of readers and excellent insights shared by senior pension fund managers and other experts. Institutional and retail investors are kindly requested to support my efforts by donating or subscribing via PayPal below. To get latest updates, even during the day, click on the image of the big piggy bank at the top of the blog. For all inquiries, please contact me at LKolivakis@gmail.com.
I am an independent senior economist and pension and investment analyst with years of experience working on the buy and sell-side. I have researched and invested in traditional and alternative asset classes at two of the largest public pension funds in Canada, the Caisse de dépôt et placement du Québec (Caisse) and the Public Sector Pension Investment Board (PSP Investments). I've also consulted the Treasury Board Secretariat of Canada on the governance of the Federal Public Service Pension Plan (2007) and been invited to speak at the Standing Committee on Finance (2009) and the Senate Standing Committee on Banking, Commerce and Trade (2010) to discuss Canada's pension system. You can follow my blog posts on your Bloomberg terminal and track me on Twitter (@PensionPulse) where I post many links to pension and investment articles as well as my market thoughts and other articles of interest.
I'd like to thank all of you who support this blog, I truly appreciate it. Institutional investors can subscribe using one of the three options below (contact me for details). Anyone else can contribute any amount at any time through the "donate" button (a tip). Please take the time to show your financial support for the work that goes into this blog. Thank you!
As you scroll down the right-hand side, you will first see links to pension news, a guide to the basics, my blog archive, popular posts and comprehensive links to Canadian and global funds, government organizations, institutional organizations, advisors and vendors, broker dealers & investment banks, documents to pension plan governance, assets and liabilities, links to conferences, geopolitical news, market and industry research and my blog roll. All links are listed in alphabetical order.
I've also included links to worthy charities and resources to fight Multiple Sclerosis.
Readers can subscribe to my posts entering their email at the top of the right hand side. They can also search my blog using any key word in the custom search at the top of the page.
Finally, take the time to read my disclaimer at the bottom and always remember there is no free lunch on Wall Street.Always be skeptical of everything you read, including comments from yours truly!
FINANCIAL REPRESSION AUTHORITY - Pension Pulse Talks Pensions and Inequality
Pension Pulse is a collection of my thoughts pertaining to issues on pension funds and financial markets. The information and opinions contained on this site are merely guidelines. This site does not guarantee any monetary claims by following these recommendations. This website is not liable for any loss that you incur due to these programs, nor do we ask for any monetary gains from your success of using these recommendations.
We also do not guarantee the results of any products or recommendations listed on this site. You must do your own due diligence before investing in any product.