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Pastimes : The Philosophical Porch

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From: Rarebird7/31/2006 5:29:39 PM
   of 26251
 
Change in Asset Allocation Effective 08/01/06:

80% Cash, 7% long (SCMLX), 13% short the Russell 2000 (via UCPIX, with 200% leverage).

Alert:

There is a high probability that these markets break down severely right after the Fed Meeting next week (even though there may be one last big time "pause" rally left.) The current rally (over the past 6 sessions) is nothing more than a relief rally within a Bear Market. It can turn at any moment. The Danger is so tremendous here that it is better to be a little early in preparation.

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