Today’s Call:  Greek 5-YR Sovereign Credit Default Swap to fall.  Currently 1608.50.

Rationale – Announcement of new bailout fund for Greece to occur shortly.  Greece and any other sovereign nation will be bailed out in various fashions in a frantic attempt to avoid a default.  A sovereign default would mean the beginning of the end of the currency regime and the regime will do everything in its power, no matter how illogical, to avoid it.

Result of Call for May 26, 2011:  Dow Jones Industrial Average to fall.  Was 12,402, Currently 12,290.  Good Call. 

Calls to Date:  Good Calls: 23, Bad Calls: 17, Batting .575