Chicken Little continues to believe we are already in the midst of a deflationary depression. The day of reckoning for large government deficits and monetary mischief looms.
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| Stocks for the Long Run steams into danger |
November 2018 performance
Global financial markets rebounded a bit in November 2018 after a tough October. In November 2018, the Chicken Little Portfolio gained 1.14% while the Dow gained 1.93%
November was a modestly positive month for all major asset classes. Bitcoin and other crypto currencies continued their precipitous declines. US stocks remain the best performing of the risky assets, and US stocks are alone in producing positive returns so far in 2018.
December 2018 portfolio positions
Chicken Little remains prepared for a deflationary depression by being long US Treasuries with a good amount of cash. Chicken Little has begun three probing bear market actions. Short emerging markets, short US stocks, and long gold.
These bear raid positions are small. Larger bear market operations will be on the Chicken Little agenda if the Dow Jones Industrial Average goes below the February 2018 low of 23,533.
Chicken Little remains prepared for a deflationary depression by being long US Treasuries with a good amount of cash. Chicken Little has begun three probing bear market actions. Short emerging markets, short US stocks, and long gold.
These bear raid positions are small. Larger bear market operations will be on the Chicken Little agenda if the Dow Jones Industrial Average goes below the February 2018 low of 23,533.
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