DN, Keep in mind that most of the Nasdaq stocks are down since I turned bearish. I can't speak for Earlie. And 15-20% will be nothing in this crash. With the index trading at 100 times, a contraction to a normal 20 times pe ratio and the 40% haircut in earnings that are coming, it could get kind of nasty.
True, if you just played indices, the big cos. have done well and I would be judged wrong. If you played the stocks on which I recommended puts, and my money management strategy, well, my record in the 90/10 was +135% in 1996, +124% in 1997, +72% last year. This year does not look nearly as good, with my 90/10 up just 21%. But, the year is not over.
Best, MB |
