Hi Gang, Has anyone else noticed that a lot of the positions have a current one year chart that looks a lot like 2007 and 2000 but somewhat more volatile?
In the portfolios for the trusts all but two had a peak somewhere around last July-September and have been down from there. The two exceptions are mostly neutral, neither up nor down overall, but moving around a central point.
If this observation has any validity then we might see the same pattern as then, a bottom somewhere 12-18 months from now. If this is true I'd say we'll likely see a lot of puffery and posturing by the politicos next year. However, it might be a great opportunities for buying so keep your powder dry and available. I may have to do a tax loss sale to have a bit of cash on hand.
Best,
Allen
