Any Given Sunday

I can't say much today. My daughter turns eight years old in one hour/smile.

Professor Peter Navarro wrote an interesting essay posted at Market Oracle UK. Navarro is going to cash because he doesn't feel the risk of a few extra percentage points is worth the gain. Navarro is a fellow San Diegan who has run for political office in the past. I voted for him for Mayor years ago.

I respect his analysis. We live in a dog-eat-dog world, as he suggests, of institutions and hedge funds and professional money managers. I think Navarro is on the mark. If someone wanted to follow his advice, you would get no argument from me.

But life is a game of inches. Winning is about moving the football towards the goal line, inch by inch. You claw for those inches (to paraphrase Al Pacino in Any Given Sunday). You fight for that inch. At the end of the day, that's what football is all about. That's what winning is all about That's what investing and trading is all about.

I tip my hat to Navarro for fine analysis.

Meanwhile, we in our Club will claw for that inch. The market is going up. We are positioned for those points to flow into our accounts. We are 100% in the C Fund.

Any Given Sunday....

Wink

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