Matt's blog

In the May issue of Money magazine, they name John Hussman as the Best Bear Market Money Manager Around. The article points to the major advantage of Hussman’s Strategic Growth fund (HSGFX) as being:

By proceeding, I acknowledge that I have read and understood the Disclaimer, Performance Reporting Disclosure and Copyright Statements . Dear Clients, The following is my Performance Update and Outlook for July. All prices and returns are as of 10/31/08.

PART I: INTRODUCTION

This past month will be one for the record books. October was the worst month for the S&P 500 since October of 1987 despite two days where the index rose by more than 10% - The previous biggest one-day advance in the S&P 500 was 9%. Crude Oil saw a drop in excess of 30% - it’s largest one-month drop ever. The government finally passed the largest bailout in history which is looking increasingly likely to fail in generating the desired result – the creation of even more stimulus by the banks. All of this has happened in spite of Fed stimulus of Biblical proportions. Steve Saville writes:

The Fed expanded its balance sheet by $69B during the week ended 29th October, bringing the increase since 10th September to $985B. Putting it another way, the Fed has grown its balance sheet by 111% over just the past 7 weeks. Nothing remotely close to this rate of growth has ever previously happened during the Fed's history. (emphasis author)

By proceeding, I acknowledge that I have read and understood the Disclaimer, Performance Reporting Disclosure and Copyright Statements . Dear Clients, There is nothing else to say except that this was a really bad quarter for my strategy. In my update, I’ll explain what happened and why and what I’m doing to rectify my strategy to protect you in the future. I am preparing my Quarterly Update along with your performance reports and fee statements. I’m aiming to mail them out by Friday.

By proceeding, I acknowledge that I have read and understood the Disclaimer, Performance Reporting Disclosure and Copyright Statements . Dear Clients, I am preparing my Quarterly Update along with your performance reports and fee statements. I’m aiming to mail them out by Friday, but there are some analyst reports coming out at the end of the week that I’m waiting for so I might not get them out until Monday.

Wow, what a day for the market. All the major indexes erased yesterday's losses! It was a "red-letter day" for the Dow achieving it's best one day advance of 2007. But from a technical standpoint, the market continued to weaken. Over the past two days, more stocks have declined than advanced. About an equal number of stocks hit new lows today and yesterday then hit new highs even though the markets are only points off their 52-week highs.

We are a 401(k) advisor offering open-architecture 401(k) retirement plans, also known as Defined Contribution Plans, through a variety of brokers including Fidelity Investments, America’s largest 401(k) provider.

By proceeding, I acknowledge that I have read and understood the Disclaimer and Copyright Statements . I

Is the Dow Jones Index (DJI) really at an all-time high? Some might consider me crazy for posing such a question. Of course the DJI is at an all-time high over 12,3000! Back in 2001, the Dow previously peaked at 11,337 nearly 5% below today’s levels.

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[Not too long ago, I met with a prospective client who was considering investing a rather sizable chunk of his retirement into an equity indexed annuity. I wrote the following summary for him and I thought I'd share with others who might be considering the same.] There are a lot of really dumb things you can do with your money and at the top of the list is buying an equity indexed annuity. Notice how I didn’t say “invest” in an equity indexed annuity.

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