HBOS closed out this morning for a slightly more than 5% loss due to a rather rapid 4% decline.
Leaves us with just one open play.
The Index is down some 15% since the start of the year and our downside risk prevention continues to ensure that we'll at least end the year with what we started the year. So this sustained no-gains run is at least outperforming the Index.
It would be nice to have a few runs lasting longer than just a month, but this is only to be expected in a sustained Bear phase. Conversely when a Bull phase re-occurs, we'll more than likely have an above average number of winning runs. It's just the nature of the beast.
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