Weekly Recap

It has been the year of the Emerging Market. What I think is worth thinking about as we enter a new year is how crowded some of those trades are. For me, I am planning to stay in the US this year. After the Olympics, any China slow down could be ugly.

Anyway, the graphic suggests that we not drive too fast at the moment. Last week, I followed this advice, just setting up a few investment positions for next year and trading some Apple calls.

Other than trading in and out of Apple and dumping some PCP calls, I set up a position in ANSS and one with BTJ. I think that software will have a good year this year and ANSS has been a company that has consistently outperformed. With BTJ, it is a play on the energy sector that I think will continue to be strong in 2008.