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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (12801)	7/16/2001 9:25:50 AM
From: Tommaso	Read Replies (3) \| Respond to of 78515

Actually the last few years I have been short the market in various ways. I really don't like it, but the valuations have argued for it. It's unsettling to be short and a lot harder to make money than buying at low points. And very hard to get the benefit of long term capital gains. Nevertheless, I still hold a very large position in Dow Index LEAP puts, Prudent Bear Fund, and a short position in QQQ that I put on and off as it fluctuates. I am also still long on energy in various ways. My wife's retirement account is completely in inflation-adusted bonds. Incidentally, the St. Louis Fed's monetary publication just ran an overlay of Inflation adjusted bond rates against the NASDAQ index. For some reason, it's an almost perfect predictor of the NASDAQ. The interest rates, after a brief rise, recently turned down again. We'll see it it coincides. But, yes, I believe in Benjamin Graham and I have not found much to invest in for a long time.