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Weekly Outlook, 8-20

|Includes: SPDR S&P 500 Trust ETF (SPY)
Due to two factors, I plan to restart the model portfolio:
 
1. As a result of technical issues on the website I'm using, the account will automatically terminate in a few months.
2. While I was out of town I kept up with my personal portfolio, but not with the model one. As a result, it has taken a 10% hit in    the last few weeks that does not accurately reflect how my real portfolio has done or how I have handled the recent market turmoil.
 
I just finished Ben Graham's The Intelligent Investor, and loved it. I plan to use my current heavy cash holdings to buy into value stocks. I will run screens over the coming few weeks and find two or three companies I like [I still own NRG]. For now, I'm sitting tight with over 60% cash, watching from the sidelines.