Market Ruminations

Not a lot to report this week. Earlier this week I sold JAHYX because I am of the belief High Yield bonds are going to get hammered along with the rest of the market between now and fall. I decided to go short the junk bond market so I bought some SJB which is a bet the price of junk bonds will go down. It is now in the weekly portfolio chart which I will enclose at the bottom of my comments. I am still of the opinion that after QE2 ends the market will start going down again which is reflected in my positions in the portfolio. I am short the Dow, short Oil, Short Junk Bonds and long US Treasuries. I will be short Treasuries soon as it is my belief bonds are going to be going down and interest rates will going up. Soon but not yet. I have been expecting a rally in the dollar but it just can't seem to get going. Long term the dollar is toast but not until the stock market gets it's correction behind it. I have a new format for the portfolio which, I hope, will be easier to read. As usual, any questions you where to reach me. 

	Today							Since Purchased
Symbol/Name	Price*	Change	Last Trade	Gain/Loss (USD)	Shares	Price Paid	Purchase Date	Gain/Loss (USD)	% Change	% Port	Value (USD)
DUG:US ($) ProShares UltraShort Oil & Gas	31.33	+0.18	16:00	+18.00	100	30.00	05/31/2011	+133.00	+4.43	17.77	3,133.00
DXD:US ($) ProShares UltraShort Dow30	18.38	-0.13	16:00	-13.00	100	18.00	06/01/2011	+38.00	+2.11	10.42	1,838.00
SJB:US ($) ProShares Short High Yield	40.22	-0.45	15:59	-45.00	100	39.50	06/14/2011	+72.00	+1.82	22.81	4,022.00
UBT:US ($) ProShares Ultra 20+ Year Treasury	86.3801	-0.7599	15:54	-75.99	100	77.00	04/08/2011	+938.01	+12.18	48.99	8,638.01
Totals				-115.99				+1,181.01	+7.18		17,631.01