December 31, 2010

Happy New Year!

Not the best pic, but here is the RH view from the desk here in CB. 

Here is a present for you bears. This chart should indicate what all of you have been waiting for all year. I regretfully can not cal a top here in the face of the Fed's mandate and POMO, but in any normal instance I would most likely be doing so.This is the second chart in my chartbook.

Everyone have a great New Year.

Thanks again for all the support. Let's make 2011 a banner year for portfolio returns.
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