Stocks Could Be Headed for More Losses

Discussion in 'Wall St. News' started by ASusilovic, Jun 10, 2010.

  1. LOS ANGELES (TheStreet) -- The stock-market slide isn't over yet, says David Wright, manager of the Sierra Core Retirement Fund(SIRAX). He's keeping more than half of the mutual fund in cash.

    The Sierra Core Retirement Fund has returned 3.7% this year, better than 99% of its rival funds, which have fallen an average of 1.3%, according to Morningstar(MORN). The fund has gained 13% during the past year, outperforming two-thirds of rival funds.
    Welcome to's Fund Manager Five Spot, where America's top mutual fund managers give their best stock picks and views on the market in a five-question format.
    Is the worst over for stocks?
    Wright: No, not at all. We're still in very dangerous waters here. Among other things, we had a bulge in sentiment. We had a lot of very exuberant trading over the past three or four months. We have all of the major signs of a top behind us, and we're only part way down on a major down cycle. I see more downside in equities in the second half. Perhaps a drop of 20% to 25% and maybe even more than that.

    He´s keeping more than HALF of the mutual fund in cash...LOL. Unbelievable.
  2. What's unbelievable is 7000 posts in 3 years.

    This is a TRADING site.

    My 93 year old grandmother, blind in one eye, and hobbles with a cane could passively put her funds in a Vanguard index fund and out-perform two thirds of money managers.

    That renders your post worth less (as opposed to totally worthless). But you're getting there.

    As a sidenote, "natty" isn't just a reggae term.
  3. Thanks for the reminder. Maybe I will add one or two markets to the 70 I am trading daily ;=)
  4. Coming from the inbred hump who was buying CFC from 40 down to 10.

    LOL. What a douche.
  5. 1) +3.7% versus -1.3%.......Managers who pride themselves on not being as bad as everyone else.:(
    2) He's "bearish" yet still 50% invested. Make up your mind! :mad:
  6. You know clubbler, it is so FLATTERING to be stocked,,oops, I mean stalked by YOU.

    You're reading EVERY WORD I WRITE.

    Yeah, I had loss in countrywide. I've had four losses in June, a few in May, some in April, I'd have to look at March. IF I don't have losses, I'm not making enough trades. But net net, I profitable just about every quarter since............................

    IF you wanna be (not to be confused with wannabe)insulting , put some teeth into it.

    As for douches, Massengale?

    Follow me around fuckhead, it's akin to when I was 17 and all the neighborhood boppers DUG MY CAR. I once got a ticket for loud pipes. I guess that was a loss too. It wasn't the "pipes" it was that wonderful blowback 'growel" from shaved valves. Snap, krackle and........................pop.
  7. You are a babbling moron.

  8. Perhaps, butt you're following me around. Like a puppy.

    Incidently, I grew OUT of my hot car phase. Years ago. When are you going to outgrow YOURS?

    Just so this reply has some semblence of value, to reiterate, natty isn't just a reggae term. Really.