Governmental insider trading, grrr . . .

By Clem Chambers

PUBLISHED: 12 Jun 2012 @ 20:06 | Comments (0) | More info about Clem Chambers

I’m getting fed up with all the governmental insider trading.

When the market rallies, you know damn well something will be announced in 3-4 days.

This time around it was the Spanish bailout.

That is why the market spiked and fell on Monday. The outsiders bought in and the insiders who were buying on tips last week sold out to them.

It’s horribly corrupt and should be investigated.

Back in ‘equity land’ what can be done?

Very little.

The summer slump is on and until the autumn it’s simply a game of wait and see.
By my reckoning, the bearish skew is about 15%, so to make money in shares you have to be hitting an old fashioned 15% stock picking profit performance just to break even. That is tough times.

Meanwhile numismatics are going crazy, which happily is a solid part of my portfolio. Even so, it’s hard work to stay ahead.

Clem

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