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Long a buy and hold investor, I now believe that buy and hold has to be re-evaluated in a world of ever increasing, instant information and huge gyrations in markets all over the world. A value investor at heart, I anchor my portfolio with conservative funds and blue chip dividend stocks, but... More
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  • A Santa Claus Rally, or a Christmas Crash? Tread softly, and carry a big bag of cash!  0 comments
    Dec 8, 2010 3:03 PM | about stocks: NYX, NY, NYC, AGD, FNDM, TDF, TD, BOE, BAB, BAC, BAC.B, BABS, USA, USB, GS, GSC, GLD, GLAD
    It's almost year end, and the big dogs of the managed mutual fund industry have quite a quandary on their hands. They stayed out of the fall rally, hoarding cash, and subsequently made no money, while the market surged ahead. Their problem:  Well, they now either have to make up all of that in the next two weeks, or be prepared to explain to their many clients why their investments did not keep up with the market, and in fact, performed well below it.

    Remember, these are the guys who charge you exorbitant fees to take care of your money, and often charge you a percentage of your money to get into their funds, and then to get out of their funds.  Now they are caught between a rock (Gold) and hard place (the market).

    Weve done well this year (about 208%) so we are selling into this so called rally, and taking profit off the table while the taking is good.  I hope you see it as I do, a fund managers hell bent race to the finish, and the devil take the hind most.

      Getting into cash and planning to have a very Merry Christmas this year.


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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