Portfolio Update - 11/30/2007
Posted by Matt at 3:01 pm
By proceeding, I acknowledge that I have read and understood the Disclaimer, Performance Reporting Disclosure and Copyright Statements .
Historically, a significant increase in market volatility accompanies a market inflection point. Using history as our guide, it certainly feels like we are at inflection point. While we are entering a seasonally strong period for equities, the winter months do not guarantee positive gains. In fact, the two bear markets that I’ve consistently compared the next bear market to, 1937 and 1973, both started during this seasonally strong period for equities. The ‘37 Bear started in early March while the ’73 Bear started in January.
In the Market Outlook portion of this update, I’m going to briefly cover two very disturbing developments in the capital markets that merit our full attention. But first, I need to get the administrative part of my update out of the way, so here is my account performance on a YTD basis. Read the rest of this entry »
