Partly! Hope everyone takes time to read WSJ today. Front page story about I-nut stocks, and one guy who plays on S/I. This guy made 600 trades, on a $150k account, and did 50% profit last year.(That is a low gain, for 600 trades, IMO) Anyway, it is a good story, a must read for all. Here is the S/I profile of the dude>>http://www.exchange2000.com/~wsapi/investor/personalprofile-2812406
Pro money managers are going to become an extinct species at some point, all thanks to the internet, ie, if they cannot even beat the index funds, how can these "experts" justify a 6 figure income? What added value do they bring, when anyone with a I-net acct. can outdo them, easily?....This WSJ article is a warning shot to them...they will bitch and moan, but they are going out...
Remember I talked to you about shorting the s&p 500 futures at some point? Today was a great entry point. I wonder where all the new 401k money will flow?
Small and micro-caps will do well soon, based on real value, beat up cheap prices, the stuff we like, as money comes out of some of the bigger stuff. |
