Please Stand By John Thomas for Macro Millionaire Wednesday, February 16, 2010 The Webinar will Start at 12:00 EST

Macro Millionaire John Thomas The Mad Hedge Fund Trader Position Update

Macro Millionaire Global Strategy Luncheons Buy tickets at April 4, 2011 London, England 12:00 noon April 8, 2011 Paris, France 12:00 noon

Performance February -3.20% First 11 weeks of Trading % Versus 10% for the S&P500 poll 1

Massive Outperformance S&P %

Portfolio Review Modest Increasing of shorts For details please log into the “Macro Millionaire” website members page equities (1) % Volatility (2) 5.60% Yen (3) % Euro (4) -5.00% total %

The Trade Drought *Investments with good fundamentals have risen by 50% or more in the past 6 months -- SPX up 33% *Investments with poor fundamentals flat to up small *Too late to buy, too early to short *Waiting for markets to turn *Not a volume competition

Japanese Yen The big break is near-What has changed in two months? The Rot Continues-further undermining the currency *Interest rate spread has widened US ten year Treasury bp, JGB + 30 bp *More debt *Destabilized government *More expensive alternatives *breaking crosses JPY/Ausie, JPY/Euro, JPY/gold, JPY/silver

Yen

(YCS)

(VIX)

(SPY)

(FXE)

Trade Sheet *Stocks-US up, but small correction imminent, think about a double up of shorts in coming days, emerging markets consolidating *Bonds-Sell every rally for the next ten years, new selling opportunity setting up soon *Commodities- consolidating, major long term uptrend intact *Currencies-sell the yen and euro, Australian dollar overbought *Precious Metals-neutral until a new short term trend establishes itself *Volatility-Buy dips, sell rallies *Real estate-the next down leg has begun

Macro Millionaire with John Thomas