Value Microcaps Motherboard

[kipp440]

The Markets

I have been less active here for a while. I have been worried about the market and very conservative after being fully invested for 4 years. I made a lot of money and I want to keep some of it!

The Yen carry trade is a major source of heartburn for me. These hedge funds have borrowed billions of yen and leveraged them into trillions of dollars. This "funny" money is invested in everything all around the world. I think the markets will have a much bigger correction if the Yen strengthens and the carry trades are unwound.

The subprime mess will cause risk to get priced back into the bond market. Junk will no longer sell at a discount.

The housing market is toast, end of story, for a long time.

Inflation is here now and all of this core non core talk is garbage.

I have some intrest in gold and oil sands. I have a lot more intrest in going fishing and letting things settle down for a few months.

Good Luck to all of you!

Kipp