Rocky occasionally peruses his favorite magazine store for investment truths using the “Magazine Cover Contrary Indicator.” Unfortunately, Rocky’s local store doesn’t sell Time, Newsweek or Business Week. Rocky’s local magazine store sells mostly lurid “periodicals,” “videos,” and cigars.
Hence, Rocky needed to develop his own contrary media indicator — independent of bulls, bears, and cleavage.
He found one!!
Bloomberg Radio occasionally adjusts their hourly market summaries. Bloomberg no longer even mentions the overnight change in the Japanese Stock Market (up 15% year-to-date); but instead they quote the “yield spread” on defaulted Greek Bonds. For Rocky, this is a very bullish omen for Japanese stocks. And it also means that Greece is irrelevant. (Rocky also noticed his local magazine store has increased its inventory of extremely lurid Shukanshi.)
[Disclosure: Rocky NEVER gives investment advice and he reminds readers that sometimes a “Cigar is just a cigar.” However, he confesses that this “radio indicator” contributed to his decision to recently buy some Japanese stocks (currency-hedged) such as the DXJ and NKY Japanese Stock ETF’s. He may stay with this position for a long time, or he may spit it out tomorrow like a bad cigar.]
Rocky’s been busy lifting large boulders, and then seeking medical assistance for the consequences of lifting large boulders. He apologizes for his recent blog silence, and offers another “Guess this object” contest as a goodwill gesture to his loyal readers. As always, the reader who correctly guesses the object will receive a unique prize of dubious monetary value.
Hint: The dimensions are 30cm x 30cm x 30cm. The yellow material is chamois (genuine). Inside of the object is a flashlight and a Poland Spring water bottle filled with 50% anti-freeze (Prestone) and 50% water. A piece of asphalt shingle is on the top of the object. And the stripes are “designer” duct tape.
[Disclosure: Rocky rarely uses duct tape with designer colors. As Trophy Wife will attest, he’s strictly a grey-sort-of-guy.]