F. Bradeen

Stress Testing Your Portfolio

You have to be kidding me. Isn't all this sophisticated nonsense that got us into this predicament in the first place? Isn't these just quant models that brought down LTCM and now our banks? Ask Tabel, who you quote, whether he agrees with our analysis? More 3 standard deviation rubbish of a defunct normal distribution. It also sounds great, after the fact. But before the fact, you guys were pushing buy-and hold and still are. Any advisor who let their customer's portfolio decline by 50% should be taken out and shot.