Summer is Over

As of today, summer is officially over. While the Net Asset Values on our various Portfolios did take a hit this summer, our basic view has not changed.   (see comments during September.)

In yesterday’s NYT a good article by Boone and Johnson describes some aspects of the situation that bothers us, see http://www.nytimes.com/2009/09/20/opinion/20johnson.html .  Their comment in the second to the last paragraph, essentially, the bigger the bank, the higher your capital requirements should be on a percentage basis, maybe big banks should have triple the basic requirement.  If that were in place we would not have to worry about “too big to fail”, they would not get too big. 

 On September 8th we moved up our short leverage to 2.00 in the Aggressive Portfolio, 0.50 in the Conservative Portfolio and 1.00 in the EMA ETF Fund.

As of September 18th, over various time frames, here are Performance numbers for the S&P 500 Index compared to our  Marketocracy Portfolios.

                                                S&P 500          Aggressive    Conservative       EMA/ETF

3 Years                                    – 19.0 %             +35.4 %          + 28.1 %               NA

10/8/07  (mkt top)               – 31.7 %              + 51.0 %         + 42.6 %               NA

1 Year                                      – 13.6 %              + 8.9 %           + 10.7 %               NA

3/9/09 (mkt bottom)            + 57.9 %            + 42.5 %         + 21.6 %            + 29.0 %

2009 to date                            + 18.3 %           –  4.8 %            + 4.6 %              – 6.0 %

8:20  AM CDT

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