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Lee Munson and Patrick Kirts comment on the market. Published on Seeking Alpha

We were not pleased to hear the unemployment comments from the Fed this week, and the love-fest with tech and financials are giving us a headache. However, before you think all we see is doom and gloom, keep reading for some signs of hope. This means nothing in terms of the reality TV show based on the economy called the stock market, but it does show that eventually, things will get better. If you have an understanding of how the structural improvements are taking hold, your ability to spot the new leaders is greatly improved.

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Lee Eugene Munson and Patrick Kirts comment on the U.S. currency. Published on Seeking Alpha

I don’t quite remember when, sometime in the past year, I first began hearing average people say that the government ultimately has the power to fix the economy, because it can just ‘print money,’ but, in a few short months, the sentiment has become commonplace. It boggles the mind, but it now seems to be a truth commonly accepted by just about everyone–politicians, journalists, investors–even the man in the street. At Portfolio Asset Management this change in sentiment has altered part of our investing strategy. Gold is now back on the menu along with shorting treasuries. Alternative assets have gone to the top of our list of potential funds and the bond funds we hold are under tremendous scrutiny. The bottom line is that we are under fire–not by the market itself, but by the government policy of debasing the currency. Few are vigilant and the delay in the market reacting to the changes may take time. Meaning, some sound strategies may not work even though a rational investor would say otherwise.
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