Leuthold´s Grizzly Short Fund : don´t buy fund anymore

Discussion in 'Wall St. News' started by ASusilovic, Mar 4, 2009.

  1. I would be stunned if the market did not at least returned to unchanged for the year (Dec 31 close). That would be over 900 S&P.
     
    #11     Mar 4, 2009
  2. jem

    jem

    One of the things I took away from the first two market wizards books is that every thing is possible. Dow 3000 and Dow 1000 are both possible in the next year.
     
    #12     Mar 4, 2009
  3. Translation:

    Our fund it getting too big to find enough shares to short. Everyone should start to buy and drive up the market so we can start shorting again in a few months.
     
    #13     Mar 4, 2009
  4. Blah, blah, blah . . .
     
    #14     Mar 5, 2009
  5. As I recall, he was getting pretty bullish in a Barron's interview that appeared in early November 2008. Said that we were well into the bottom quartile - - - the 15th percentile.

    "From here, on a one-year basis -- and this goes back to 1926 -- the market has been up about 18%, on average, in the next year."

    http://online.barrons.com/article/SB122549293587789385.html

    That interview was done in the final week of October, when the SPX was around 950.

    Can't imagine what historical percentile we are currently at with a 682 SPX.
     
    #15     Mar 5, 2009
  6. The farked percentile.
     
    #16     Mar 6, 2009