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I would think the market would have factored in this strategy. If it wasn't adjusted for everyone would be doing it eroding the deal to the point were it would be parity with the rest of the market or worse. Personally, I would lean towards worse. Citibank and GE should be about 0. Thanks to government support they live. JP Morgan may be no better in 2009 if things get much worse. BofA is buying crap only because they got free money from TARP and got government support.
Jan 02 04:43 am
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All Comments by Moon Kil Woong »Dow Dogs Were Dogs in 2008, What About 2009? [View article]
At least if you use this strategy you won't be saddles with Home Depot this year. What a sigh of relief. I suggest people actually screen what they invest in rather than playing silly strategies like buy all the products you buy for your home etc. It's tedious but it's oooh so worth it.
Anyway, thanks for the chart and strategy information. Even though I won't trade it, I like a good snicker once and a while.
Here's a strategy, find all the stocks Bernie Madoff bought last year and short them. Then go equally long the rest of the S&P 500. I'm sure once they track everything down and start liquidating it won't be a positive relative to this index.
The question now is what did he own and where's the money. I suggest you start asking his family members who happen to trade in the same building but strangely said they had nothing to do with them. Rigggghhhtttt....
And why should we believe Madoff who says that's absolutely true. Dude... you're wearing a tracking sensor. I would tend to believe the opposite of everything you say... What a con (use any term of that word you want).