S&P Midcap 400 Portfolio (^MID, MDY) Message Board

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Non-Tech : S&P Midcap 400 Portfolio (^MID, MDY)

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To: Londo who started this subject	7/25/2002 2:08:54 AM
From: Londo	of 181

The anticorrelation trend should last either two days, or two weeks. Either way, the volatility spike shows that we'll be revisiting the Nasdaq lows of 1192 sometime in October. In the meantime, this portfolio has to be long. Very very long. I've got some good high-beta issues in the portfolio already, but I'll try to leverage it more in the short future. Just in time for a market crash. The issue here is that consumers are winning the war; businesses are forced to lower prices for sales, and profits get grinded out. This gets reflected in the stock market, but the economy is still healthy because of that consumer spending. Debt and credit expansion facilitated this all. It's unlikely to stop right now. This month has to have been the most exciting month I have ever witnessed in these markets in my life - the volatility has been gut-wrenching, but the easy money on the short side is now over. Now is a time to play the contrarian theory - the side that will believe the markets will go up. After they go down again. Does this message make no sense whatsoever? It should tell you what's going on in my head. Absolute bloody confusion. Oddly enough, my personal portfolio hasn't done this good since 1999.

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