A look Inside the Portfolio

As our comments early yesterday morning illustrate, we are not immune to the emotion of the moment.  The latest oil market spurt above 140 has had its effect on our timing, but we are stubborn and continue to believe that the last $ 50 was more politics than demand.  From a technical standpoint the market, basis the S&P in the short-term needs to go back and look at the 1331 area.  To provide you some hard numbers on how our postions look as of the the June 30 quarterly close, and yesterdays close as we made no changes yesterday, we show the following:

                              The Contrarian Portfolio 
  
                  Eureka Marketocracy Portfolio  6/30/2008
                            (Sorted by net postion) 

                                                         Long                Short                Net
        Category                              Positions         Positions         Positions
   
 Stock Index ETF                 $ 3,639,708     $          -             $ 3,639,708
 Alternative energy ETF           668,666                  -                    668,666
 Financials  ETF                         956,685             338,960              617,725
 Real Estate ETF                        298,655                   -                    298,655
 Health Care                                  63,249               71,759                 (8,510)
 Telecommunications                   24,670              35,015               (10,345)
 Industrials                                    45,244              64,130                (18,886)
 Utilities                                         29,840               77,207                (47,367)
 Consumer Staples ETF               76,259             155,931                (79,672)
 AG ETF                                             -                   148,680              (148,680)
 Consumer Discretionary           141,838              372,599             (230,761)
 Information technology            319,062              756,786              (437,724)
 Material ETF                                24,876              470,190              (445,314)
 Energy ETF                                  32,229             1,112,953         (1,080,724)
   
           Total                            $6,320,981          $ 3,604,210        $ 2,716,771
   
           Total funds  $ 7,163,000   with 2:1 leverage on some positions.
           Percent Long   overall   0.38  

At critical points it helps us to look at the internals of the portfolio and evaluate what has led to profits and losses.  On a daily basis our total protfolio hit an all time record high on June 16, 2008.  As of yesterdays close the total portfolio is down about 3 percent from that point.  Of the major market changes since that date, the S&P 500 is down 5.5 percent, the dollar is down 2.0 percent, bonds are up 3,5 percent, crude oil is up 5.o percent, and gold is up 6.2 percent.  By looking at these internals we can see what went right, and what went wrong and see if adjustments to our positions are needed.

6:32 AM CDT

Leave a Reply

Your email address will not be published. Required fields are marked *

12 − 2 =