Portfolio Update - 12/4/2009

Well, I've been managing a portfolio for a couple of weeks now. Sorry the updates haven't been posted like I had hoped, but now that I have a little more time I can start posting more consistently. Here is the link to see my portfolio:

http://www.kaching.com/portfolio/83948/holdings

There you can see my portfolio holdings and my performance against the S&P 500.

Currently we are still betting on a sudden change in the market's intermediate term trend. I still very strongly believe that the U.S. Dollar is going to see a massive rally and with that the stock market will take a tremendous hit, eventually seeing new lows.

I am positioned with a large portion of my portfolio long the U.S. dollar and long-term U.S. treasuries. I also am short a few financial and commodity related companies that I feel will be hurt in a deflationary environment.

I am, however, going to maintain a large portion of my portfolio in cash. If I sense a continuation of the current market rally I can use this cash to buy a position in the S&P 500 to hedge my short exposure and minimize losses.

I Love Watching Bankers Get Grilled Over Bailouts

Congressman Alan Grayson tears up former Citigroup CEO Vikram Pandit over the bailout his company received last fall. Just watching these videos shows the shear fraud that has been perpetrated on the American people. We need more men like Mr. Grayson in Congress to ask the tough questions and get the to bottom of this mess. This entails Ending the Fed.