Thursday, June 26, 2008

Survival Day

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Obviously we're focused on the long run results, but cognizant that on a day like today (many?) everyone will run @ 4 PM to check to see how their stocks, and mutual funds did here are our results.

(click to enlarge)


I'll call this another survival day and considering we are 60%ish long, very pleased - we've handled this correction much better than August 07, November 07, January 08, or March 08 (gosh 5 "corrections" since I got started - we should all be so lucky). So far we've weathered this putrid month well - however the longer it goes, the more "long" we'll be getting (and less "short" i.e. insured) which means we'll start taking some hits. Impossible to call the bottom, but we've avoided the first 5? 6? 7? innings of this correction - soon we have to get somewhat bullish. We're just trying to avoid this guy's fate for as long as possible :) ----->>>>>

I hope these darn commodities take a bath here soon, so I can start to catch up to this Heebner fella - he is the last guy standing in front of me and hard to catch! ;)

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