Mid-Day Thoughts

  • in general we just need to understand that this market is no longer analyzable (if that’s a word)
  • technical analysis doesnt work, fundies dont work, prayer doesnt work
  •  so we just wake up each morning and take a few stabs at it and chill after that
  •  i had a good dinner with a few other funds last night and the ones in that group that have adopted their strategy and stopped analyzing are doing fine
  • the S&P 500 is still trading in a range if we look back to early May…a wild range though and a tough one to analyze
  • please stay in cash

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