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	<title>Tainted Alpha &#187; Monthly Strategy</title>
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	<link>http://www.taintedalpha.com</link>
	<description>Global Macro Perspectives</description>
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		<title>Monthly Strategy – January 2012</title>
		<link>http://www.taintedalpha.com/2012/01/18/monthly-strategy-january-2012/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-january-2012</link>
		<comments>http://www.taintedalpha.com/2012/01/18/monthly-strategy-january-2012/#comments</comments>
		<pubDate>Wed, 18 Jan 2012 14:53:48 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Brasil]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Quantitative Easing]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Silver]]></category>
		<category><![CDATA[U.S.]]></category>
		<category><![CDATA[U.S. Dollar]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=13761</guid>
		<description><![CDATA[The consensus with which I agree is that the Euro zone is heading into a recession. While the economic activity has somewhat improved over the last months in the U.S. I remain doubtful whether the U.S. can escape the recession when Europe enters one. The data coming from China doesn't (jet) point to a hard landing. For the time being it looks like that the Chinese government is in control. The measures to contain inflation and raising real-estate prices are successful, while in the same time China is has taken early steps to increase domestic consumption and re-balance the economy. One should not disregard and keep close watch on soft data coming from China especially in real estate and commodity related industries which are not reflected in the official  data and could be pointing to serious issues.]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2012/01/18/monthly-strategy-january-2012/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – October 2011</title>
		<link>http://www.taintedalpha.com/2011/10/04/monthly-strategy-%e2%80%93-october-2011/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-october-2011</link>
		<comments>http://www.taintedalpha.com/2011/10/04/monthly-strategy-%e2%80%93-october-2011/#comments</comments>
		<pubDate>Tue, 04 Oct 2011 12:44:21 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Brasil]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Quantitative Easing]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Silver]]></category>
		<category><![CDATA[U.S.]]></category>
		<category><![CDATA[U.S. Dollar]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=12783</guid>
		<description><![CDATA[Leading economic indicators are pointing to a recession. At the time being it looks like it could be a mild one, but taken into account all the unknowns (EMU future, China slowdown, bank balance-sheet question) it could easily develop into something more ominous.  ]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2011/10/04/monthly-strategy-%e2%80%93-october-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – September 2011</title>
		<link>http://www.taintedalpha.com/2011/09/01/monthly-strategy-%e2%80%93-september-2011/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-september-2011</link>
		<comments>http://www.taintedalpha.com/2011/09/01/monthly-strategy-%e2%80%93-september-2011/#comments</comments>
		<pubDate>Thu, 01 Sep 2011 13:53:58 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=12462</guid>
		<description><![CDATA[Not much has changed from August. The leading economic indicator are not pointing to any king of recovery from recent weakness. ]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2011/09/01/monthly-strategy-%e2%80%93-september-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – August 2011</title>
		<link>http://www.taintedalpha.com/2011/08/01/monthly-strategy-%e2%80%93-august-2011/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-august-2011</link>
		<comments>http://www.taintedalpha.com/2011/08/01/monthly-strategy-%e2%80%93-august-2011/#comments</comments>
		<pubDate>Mon, 01 Aug 2011 15:26:42 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FOMC]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=12090</guid>
		<description><![CDATA[Global economic growth is clearly slowing down. ]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2011/08/01/monthly-strategy-%e2%80%93-august-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – May 2011</title>
		<link>http://www.taintedalpha.com/2011/05/03/monthly-strategy-%e2%80%93-may-2011/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-may-2011</link>
		<comments>http://www.taintedalpha.com/2011/05/03/monthly-strategy-%e2%80%93-may-2011/#comments</comments>
		<pubDate>Tue, 03 May 2011 13:24:32 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FOMC]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=11214</guid>
		<description><![CDATA[Mostly unchanged from April...]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2011/05/03/monthly-strategy-%e2%80%93-may-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – April 2011</title>
		<link>http://www.taintedalpha.com/2011/04/05/monthly-strategy-%e2%80%93-april-2010-2/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-april-2010-2</link>
		<comments>http://www.taintedalpha.com/2011/04/05/monthly-strategy-%e2%80%93-april-2010-2/#comments</comments>
		<pubDate>Tue, 05 Apr 2011 14:51:41 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FOMC]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=10683</guid>
		<description><![CDATA[I have lost flair in making predictions. I even started to think that correct forecasting is impossible. Maybe it is better to look at forecasting only as to the extent "what if" exercise.  That's why this is the first strategy post this year.

I have to come to conclusion that the only relevant judgement on is made by market and this is the key in being a successful in this line of business. What is fair, what is right or what is logical are completely irrelevant questions in speculating. Fundamentals are most of the time only a peripheral factors affecting the prices; in fact fundamentals are major factor only in times of great excesses.

Now, lets get back to writing down my current mind setup.]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2011/04/05/monthly-strategy-%e2%80%93-april-2010-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy &#8211; Holiday Edition – December 2010</title>
		<link>http://www.taintedalpha.com/2010/12/07/monthly-strategy-holiday-edition-%e2%80%93-december-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-holiday-edition-%25e2%2580%2593-december-2010</link>
		<comments>http://www.taintedalpha.com/2010/12/07/monthly-strategy-holiday-edition-%e2%80%93-december-2010/#comments</comments>
		<pubDate>Tue, 07 Dec 2010 11:43:03 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FOMC]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=7913</guid>
		<description><![CDATA[In the last months global economic outlook has improved a bit. In U.S. we can see signs of personal consumption and manufacturing activity growing at soft rates, but growing; at the same time employment, housing, construction spending, durable goods orders are stagnating. Fall in initial jobless claims is clearly being offset by inflow of people into the workforce; job creation still weak.]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/12/07/monthly-strategy-holiday-edition-%e2%80%93-december-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – November 2010</title>
		<link>http://www.taintedalpha.com/2010/11/02/monthly-strategy-%e2%80%93-november-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-november-2010</link>
		<comments>http://www.taintedalpha.com/2010/11/02/monthly-strategy-%e2%80%93-november-2010/#comments</comments>
		<pubDate>Tue, 02 Nov 2010 13:27:23 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FOMC]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=6938</guid>
		<description><![CDATA[In the last month global economic outlook has improved a bit. In U.S. we can see some signs of retail sales and manufacturing activity growing at soft rates, but growing; at the same time employment, housing, construction spending, durable goods orders are stagnating. Recent fall in initial jobless claims has to be confirmed this week as [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/11/02/monthly-strategy-%e2%80%93-november-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – October 2010</title>
		<link>http://www.taintedalpha.com/2010/10/06/monthly-strategy-%e2%80%93-october-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-october-2010</link>
		<comments>http://www.taintedalpha.com/2010/10/06/monthly-strategy-%e2%80%93-october-2010/#comments</comments>
		<pubDate>Wed, 06 Oct 2010 11:56:34 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FOMC]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=6199</guid>
		<description><![CDATA[This months strategy is a little bit late because your favorite blogger is feeling (a bit) nihilistic in the last weeks. We have had a nice run in September in almost all asset classes. Reasons: recent economic data is not deteriorating as fast as feared and the central bankers determination to extend monetary stimulus is stronger [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/10/06/monthly-strategy-%e2%80%93-october-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – September 2010</title>
		<link>http://www.taintedalpha.com/2010/09/03/monthly-strategy-%e2%80%93-september-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-september-2010</link>
		<comments>http://www.taintedalpha.com/2010/09/03/monthly-strategy-%e2%80%93-september-2010/#comments</comments>
		<pubDate>Fri, 03 Sep 2010 09:44:46 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FED Funds Rate]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=5330</guid>
		<description><![CDATA[Equities Economic data released in recent month or so is on a absolute and relative basis weak. The difference from July is that the consensus has moved downwards, so the markets focuses on comparing actual data with consensus and disregarding absolute levels. But we are here to earn some money, not waste our time on [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/09/03/monthly-strategy-%e2%80%93-september-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – August 2010</title>
		<link>http://www.taintedalpha.com/2010/08/02/monthly-strategy-%e2%80%93-august-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-august-2010</link>
		<comments>http://www.taintedalpha.com/2010/08/02/monthly-strategy-%e2%80%93-august-2010/#comments</comments>
		<pubDate>Mon, 02 Aug 2010 13:29:24 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FED Funds Rate]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=4597</guid>
		<description><![CDATA[Equities Economic data released in recent month or so is dominated by bellow consensus readings and on absolute level pointing to only marginal and slowing growth. Consumer demand proxies point to deceasing level of consumer demand. Unemployment is high and it is not falling. The government stimulus is wearing off. But the market is rising despite all of that [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/08/02/monthly-strategy-%e2%80%93-august-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – July 2010</title>
		<link>http://www.taintedalpha.com/2010/07/03/monthly-strategy-%e2%80%93-july-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-july-2010</link>
		<comments>http://www.taintedalpha.com/2010/07/03/monthly-strategy-%e2%80%93-july-2010/#comments</comments>
		<pubDate>Sat, 03 Jul 2010 13:07:51 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[British Pound]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FED Funds Rate]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>
		<category><![CDATA[U.S. Treasury Bonds]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=4008</guid>
		<description><![CDATA[Almost unchanged from June. Equities Only extremely favorable economic data could change the negative trend established. This is highly unlikely. So I would say we will soon see S&#38;P 500 at 875. On a macro level, the stimulus is wearing off, politicians and central bankers are not ready to continue with loose fiscal an monetary policies, just the opposite, austerity is the game. [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/07/03/monthly-strategy-%e2%80%93-july-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – June 2010</title>
		<link>http://www.taintedalpha.com/2010/06/09/monthly-strategy-%e2%80%93-june-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-june-2010</link>
		<comments>http://www.taintedalpha.com/2010/06/09/monthly-strategy-%e2%80%93-june-2010/#comments</comments>
		<pubDate>Wed, 09 Jun 2010 09:05:53 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[British Pound]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>
		<category><![CDATA[U.S. Treasury Bonds]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=3499</guid>
		<description><![CDATA[Little late&#8230;but better late then never&#8230; Equities Only extremely favorable economic data could change the negative trend established. This is highly unlikely. So I would say we will soon see S&#38;P 500 at 900. On a macro level, the stimulus is wearing off, politicians and central bankers are not ready to continue with loose fiscal an monetary policies, just the opposite, austerity is [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/06/09/monthly-strategy-%e2%80%93-june-2010/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – May 2010</title>
		<link>http://www.taintedalpha.com/2010/05/05/monthly-strategy-%e2%80%93-may-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-may-2010</link>
		<comments>http://www.taintedalpha.com/2010/05/05/monthly-strategy-%e2%80%93-may-2010/#comments</comments>
		<pubDate>Wed, 05 May 2010 12:10:01 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Corn]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FED Funds Rate]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>
		<category><![CDATA[U.S. Treasury Bonds]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=3073</guid>
		<description><![CDATA[Equities With my 1,200 S&#38;P 500 target reached I&#8217;ve moved to a kind of a ambiguous stance to the markets. Now I believe the equity markets are bound for a 10%+ down move at least. My mid-term view remains unchanged – this is just a bear market rally; U.S. and E.U. economies will experience same [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/05/05/monthly-strategy-%e2%80%93-may-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – April 2010</title>
		<link>http://www.taintedalpha.com/2010/04/01/monthly-strategy-%e2%80%93-april-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-april-2010</link>
		<comments>http://www.taintedalpha.com/2010/04/01/monthly-strategy-%e2%80%93-april-2010/#comments</comments>
		<pubDate>Thu, 01 Apr 2010 22:39:39 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FED Funds Rate]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>
		<category><![CDATA[U.S. Treasury Bonds]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=2537</guid>
		<description><![CDATA[Equities Although I’m convinced that the economy is not pulling a V-shaped  almost everywhere except in China and in their commodity based economy satellites I believe that in the short term the equity gains will continue. I have a 1200 S&#38;P 500 target. I have only a small exposure to the markets (via a June [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/04/01/monthly-strategy-%e2%80%93-april-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – March 2010</title>
		<link>http://www.taintedalpha.com/2010/03/01/monthly-strategy-%e2%80%93-march-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-march-2010</link>
		<comments>http://www.taintedalpha.com/2010/03/01/monthly-strategy-%e2%80%93-march-2010/#comments</comments>
		<pubDate>Mon, 01 Mar 2010 11:16:02 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Chile]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Corn]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[FED Funds Rate]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>
		<category><![CDATA[U.S. Durable Goods Orders]]></category>
		<category><![CDATA[U.S. Employment]]></category>
		<category><![CDATA[U.S. Housing]]></category>
		<category><![CDATA[Wheat]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=2080</guid>
		<description><![CDATA[Equities In the macro arena we have leading indicators rolling over, and a stream of worse-than-expected data pieces on U.S. housing, U.S. employment, U.S. durable goods ordered and large move lower by consumer confidence. Seems that the markets do not appreciate the data. Things that move the markets are only FED policy on rates, dollar [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/03/01/monthly-strategy-%e2%80%93-march-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – February 2010</title>
		<link>http://www.taintedalpha.com/2010/02/01/monthly-strategy-%e2%80%93-february-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-february-2010</link>
		<comments>http://www.taintedalpha.com/2010/02/01/monthly-strategy-%e2%80%93-february-2010/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 08:00:53 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Bank of Japan]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[Deflation]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>
		<category><![CDATA[U.S. Treasury Bonds]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=1813</guid>
		<description><![CDATA[Equities We have seen a meaningful correction in equities in recent couple of weeks, we have a market that fails to react to presumably good news, we have low levels of cash in equity mutual funds and still high number of bulls; high beta stocks suffered massively;  For me this is a setup for reversal, [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/02/01/monthly-strategy-%e2%80%93-february-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy – January 2010</title>
		<link>http://www.taintedalpha.com/2010/01/02/monthly-strategy-%e2%80%93-january-2010/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-%25e2%2580%2593-january-2010</link>
		<comments>http://www.taintedalpha.com/2010/01/02/monthly-strategy-%e2%80%93-january-2010/#comments</comments>
		<pubDate>Sat, 02 Jan 2010 17:01:53 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Crude Oil]]></category>
		<category><![CDATA[Deflation]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Output Gap]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>
		<category><![CDATA[U.S. Treasury Bonds]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=1339</guid>
		<description><![CDATA[Equities Equity performance was impressive in recent month, down to the last trading day of the year. Thursday trading showed that the investors are not so confident that the upside will continue, revealing, maybe a moment of truth. Everybody is long because of fear not to miss further gains, but scared of a potential slip. [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2010/01/02/monthly-strategy-%e2%80%93-january-2010/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Monthly Strategy &#8211; December 2009</title>
		<link>http://www.taintedalpha.com/2009/12/02/monthly-strategy-december-2009/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=monthly-strategy-december-2009</link>
		<comments>http://www.taintedalpha.com/2009/12/02/monthly-strategy-december-2009/#comments</comments>
		<pubDate>Wed, 02 Dec 2009 11:57:41 +0000</pubDate>
		<dc:creator>Belisarius</dc:creator>
				<category><![CDATA[Monthly Strategy]]></category>
		<category><![CDATA[Agricultural Commodities]]></category>
		<category><![CDATA[Aluminium]]></category>
		<category><![CDATA[Bank of Canada]]></category>
		<category><![CDATA[Bank of Japan]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Copper]]></category>
		<category><![CDATA[Deflation]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japanese Yen]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Output Gap]]></category>
		<category><![CDATA[Reserve Bank of Australia]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[U.S. Dollar]]></category>
		<category><![CDATA[Uranium]]></category>

		<guid isPermaLink="false">http://www.taintedalpha.com/?p=1025</guid>
		<description><![CDATA[I am starting a monthly strategy overview to have my strategy in one place and a to test accuracy of my views. Written revisions and accommodations would also contribute to my investment discipline. Equities I have been surprised by the market strength as the market rejected the Dubai turmoil as a correction catalyst. This has [...]]]></description>
		<wfw:commentRss>http://www.taintedalpha.com/2009/12/02/monthly-strategy-december-2009/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

