Last week Greece attempted to shift the blame for their debt woes onto Goldman Sachs and other nefarious speculators. The fact that they’ve been in default for roughly half of the last two centuries is the fault of their bankers apparently. It is the press and short sellers that are the problem, not the fact that government is over 50% [...]

The stock market is in the throes of a correction that has lopped 7% off the averages over the last couple of weeks and skittish investors seem to be taking the attitude of sell now, ask questions later. Earnings season has been surprisingly upbeat with roughly 3/4 of companies producing earnings better than the consensus. [...]

The US Trend Follower model portfolio has recently been updated. Changes to the model are:
Sell S&P 500 Index IVV
      Reduce from 32.5% to 22.5%

Sell Russell 2000 Value Index [[IWN]]
      Reduce from 17.5% to 11.25%
Sell GSCI Commodity Index GSG
      Reduce from 15.0% to 0.0%
Sell DJ US Real Estate Index IYR
      Reduce from 27.5% to 18.75%

 
These changes are based on the month end [...]