Comments on Fund My Mutual Fund: Bookkeeping: Technical Difficulty

Mark, You have noted in the past that you have fou...

2008-11-13T19:27:00.000-05:00

Mark,

You have noted in the past that you have found stocks attractive on fundamentals, but that can't be bought because of the current market enviroment. A noted economist has published a paper this month labeling our current problem a "fearcession"--ie, not one brought on by fundamentals, but instead by a a massive loss of confidence. https://www.wellscap.com/docs/ecomonic_and_market_perspective/EMP_1108.pdf

He makes a pretty interesting argument.......

I will vouch for you! You made the call to dump t...

2008-11-13T17:57:00.000-05:00

I will vouch for you! You made the call to dump the shorts and go long at 1:20 today - about 17 minutes after the bottom. That's excellent trading!

That's not the issue - the issue is I turned with ...

2008-11-13T17:03:00.000-05:00

That's not the issue - the issue is I turned with the market and was locked out of the ability to turn which ruined the performance metrics. This was a 10% intraday swing which I was locked into even when calling the swing. That's a major issue with me since people who come to the blog in the future aren't aware of that issue.

That's a big problem to me. Very big. I took about a 15% swing versus the market in 3 hours since I could do nothing.

am hedged

2008-11-13T16:44:00.000-05:00

am hedged

Think of these rallies as a pullback in a voraciou...

2008-11-13T16:43:00.000-05:00

Think of these rallies as a pullback in a voracious bull market, just in reverse. We were so close to breaking down today... the uncertainty is why I, like you, are hedged. Nonetheless if the higher we move the shorter I want to get.

These rallies are bear candy imo.