http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 Today's WSJ records the fact that 79% of mutual funds are underwater to their benchmarks. This sorry story is exacerbated by the fact that their benchmarks are so low.…
We have previously remarked on the progressively violent waves shaking the markets. http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=8&dy=0&id=p71634106866 Very clearly here we can see three waves of progressively expanding amplitude, each…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 Sailing before the wind, which we have been doing since Mar09, is easy. When you hit a hurricane in the Bermuda triangle you have to hitch up your pants…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 While the result is nothing rare, (an expected downwave to curb a 37+ day surge) the violence of its accomplishment was notable -- sort of like a pefect storm…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 It is a sobering, but not unusual, fact that Standard & Poors has caclulated that only 10% of funds are above water. One wonders why investors pay incompetent managers…
