HATE MAIL ON UPDATES TO ALLOCATION MODELS
On Oct 26,2009, we increased short allocation on our Equities Long Short Allocation Model.
On Oct 26, we also reduced allocations to oil, gold, copper and emerging markets to zero.
Yesterday, Dow Jones Average went up 200 points, oil went up, gold went up and emerging markets went up strongly. We received a lot of hate mail from bullish traders.
Today Dow Jones Average at the time of this writing is down 235 points, oil is down and gold is down; but no fan mails from the traders who sent us hate mails yesterday.
We want to make two points.
First, these are longer term models and not designed to capture daily fluctuations.… Please click here or the title below to read more.
October 30, 2009