Leverage

"Leverage buys you a glimpse of prosperity you haven't really earned."

There sure is a lot of leverage around.....taking people and countries down.....nothing has changed...people in the wrong bonds are losing money and people in the right stocks are making money.

The top women's skier in the world said in an interview, "the perfect run is usually pretty slow."

We find it interesting that more than half of the newly rich in China are looking to leave their country. Capital is also leaving Italy right now.

America and it's super blue chip equity/ companies are the primary beneficiaries of these challenges. Also, folks like MF now being forced to chase year end performance....as budgets are not being made....

Down trends are being challenged, strength in oil (when the western world is thought to be at or near recession levels) is suggesting global demand is higher than expected and supplies less so....

We continue to like inflation hedges that are in leadership positions that are are over capitalized and free cash flowing. Stocks are the only beneficiaries of inflation.

Danny Boy seen here likes the cooler weather. He is ready..