Today’s Call: British Pound to rise vs. USD. Currently $1.64:1.
Rationale – Natural Disasters in Japan, Emerging Fiscal Disasters in Eurozone and US Debt ceiling stall to quietly drive Pound purchases extending May trend.
Result of Call for May 4, 2011: S&P 500 Index to rise. Was 1,347.32 (taken mid-day, adjusted to closing price), Currently 1,346.29. Bad Call (Just barely).
Calls to Date: Good Calls: 13, Bad Calls: 11, Batting .541