2013-01-06marketshadows.com

``We are starting 2013 long stocks in Paul's Virtual Value Portfolio with no covered call writing hedges for one reason -- the Federal Reserve's and other central banks' plans to continue printing money into existence while debasing their currencies. This does not solve any problems such as too much spending on wasteful items, a perverse tax code, and a rushed-through fiscal deal that does not reduce the growing debt burden.''



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