This column originally appeared on Real Money Pro at 12:54 p.m. EDT on March 22.
NEW YORK ( Real Money) -- I have started a new end-of-week column that borrows from the title of a popular 1960s BBC comedy show hosted by David Frost for my look back at the week's daily diary highlights.
On Monday, I started the week with " The Cyprus Blight Could Spread" in which I suggested that the sovereign debt and economic crisis remains very much with us and the Cyprus chill ("Insane in the Membrane") was yet another example. In " Bad Omens," I recapped my comments in Alan Abelson's column in Barron's that Alan Greenspan's and Mila Kunis's bullish market view coupled with some technical concerns suggest a short-term market correction is possible. I took a trading long rental, again, in ProShares UltraShort 20+ Year Treasury (TBT)and then took a $1-a-share trading profit. I cautioned that the U.S. housing market's recovery might be uneven in the months ahead. I pared back my Apple (AAPL - Get Report) long rental after a big run and highlighted what my short book of individual stocks looked like. Late in the day I observed the variant performance between the Chinese and U.S. stock markets. Finally, in " What Happens Next?," I wrote that the only thing I was certain about was uncertainty.
On Tuesday, I spent most of the day keeping up with the crisis du jour in Cyprus. I went back on Apple watch as I continued to trim the long rental. In " The Easy Money Has Been Made in Housing," I outlined the risks to the residential real estate markets in 2013 and I put the current recovery into perspective. In " A Growing Disconnect," I observed that the relationship between bond yields and the S&P 500 had grown wide and likely signaled that some mean reversion was possible. In " Another Sign of Euro Stress," I looked at two spreads to which we should pay attention. There was takeover chatter on Northwest Bancshares (NWBI), my favorite small-cap regional bank stock, in Barron's. I closed profitable shorts in Caterpillar (CAT) and Goldman Sachs (GS). Southwest Securities' Mark Grant chimed in on the Cyprus chill.Wednesday brought a discussion of why I feel the Fed should raise interest rates. There were more insider sales at Green Mountain Coffee Roasters (GMCR - Get Report), which is one reason why I bought puts rather than shorting the name. I explained my favorite pairs trade -- namely, long Ocwen (OCN - Get Report)/short Nationstar (NSM). In " On the Wings of Dove," I discussed my Fed expectations, and in " Color the FOMC a Nonevent," I wrote up what the central bank said and how I interpret it. In " Guess Who? Guess What?," I highlighted the day of profits (misses). I was undun!
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV