Market Getting Crushed - Sector Model Moves To Cash
Well - we got the bounce I was looking for on Tuesday - but it was far too weak and short lived to be classified as anything other than a dead cat bounce. Real concerns and fear surrounding credit markets around the globe gripped investors today as demonstrated by gold making its largest one day advance ever.
This is a very nasty environment and the stop level was hit in my sector portfolio, which ended the month with a 9.04% loss. That is only one piece (30%), however, of my overall portfolio.
The other pieces and their MTD returns for September are as follows:
Country Model (20% of portfolio) UP 3.04%
Currency Model (20% of portfolio) DOWN 0.02%
Paired Index Model (30% of portfolio) UP 5.62%
The return for the total portfolio for this brutal month thus far: DOWN 0.42%
By comparison, the S&P 500 is DOWN 9.86% and the Nasdaq Composite is DOWN 11.35%
This is a very nasty environment and the stop level was hit in my sector portfolio, which ended the month with a 9.04% loss. That is only one piece (30%), however, of my overall portfolio.
The other pieces and their MTD returns for September are as follows:
Country Model (20% of portfolio) UP 3.04%
Currency Model (20% of portfolio) DOWN 0.02%
Paired Index Model (30% of portfolio) UP 5.62%
The return for the total portfolio for this brutal month thus far: DOWN 0.42%
By comparison, the S&P 500 is DOWN 9.86% and the Nasdaq Composite is DOWN 11.35%
How many “90% down days” have we had since Oct 07 ?? Do you also have the dates, please ??
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I show 18 90% down days for the NYSE and 9 for the Nasdaq since October 2007.
Here are the dates:
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THANK YOU !! They have become like "common gaps". I knew it was a lot but not this many. Too many for any individual one to have the significance that they use to have.
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