Fox in the hen house!

This must be another gilded age and frankly we are glad to be right where we are at this moment.  We continue to trade and invest and see nothing but gains.   We are of the opinion that much of these gains are stock and fund picking that has proved to be right.  Read back over some of our recent posts and you will note a concentration on mega cap stocks and municipal bonds, which have proved to be excellent vehicles for profits in this environment.  Financial engineering via stock buybacks and higher dividends rewards those in the mega cap selections and low rates delivered via political decision making by Obama and The Federal Reserve have helped make the mega caps richer and richer and give municipal bonds holders well preserved profits from lower than low rates.  It is indeed a blessing to be here. 

In this case the fox in the hen house gets the chicken and runs to safety without a shotgun raised nor anyone complaining. The thing is that we have been raiding the hen house for some months going into years now and still no danger for the fox. Our trading portfolio having moved into now the third trading month of the year has tilted ever so much towards undervalued financial's JP Morgan, Citibank, American Express, Goldman Sachs, Met Life, and Prudential exactly those stocks getting rewarded by the Obama administration and soon the Clinton administration.  Ditto for the move into technology, Apple, Microsoft, Intel, Oracle, AT&T, and Verizon, again those getting byes on regulation and taxes polices from the Obama and who in turn contribute to his political leanings.   We finish out our current trading portfolio with New Media Investments a company raking in cheap medium and small sized newspapers where we believe the sweet spot lies.  We would also like to note our stock of the year pick Triangle Capital is up over 10% since we suggested purchase only two months ago.  It is good to trade and profit with the politically connected and rich in this new gilded age. 

Yes as we have said before there are huge numbers of people without employment and it will remain that way since the purpose of current political policy is not to gain jobs but to keep people on the government dole and down on the plantation voting for the current administration and next administration in power.  In the meantime it remains good to be the fox who can make endless runs to the hen house taking candy from babies and participating in the never ending generational theft.