Leuthold´s Grizzly Short Fund : don´t buy fund anymore

Quote from makloda:

Markets had a 50% bear market rally within the 90% decline 1929-1933. A rally to 1000 would be a 44% rally. "No way possible" is a little far fetched. It has happened before.
More...

I would be stunned if the market did not at least returned to unchanged for the year (Dec 31 close). That would be over 900 S&P.
 
One of the things I took away from the first two market wizards books is that every thing is possible. Dow 3000 and Dow 1000 are both possible in the next year.
 
Translation:

Our fund it getting too big to find enough shares to short. Everyone should start to buy and drive up the market so we can start shorting again in a few months.
 
Quote from makloda:

This guy ought to be commended. Honesty is a rare feat on Wall St.
More...

As I recall, he was getting pretty bullish in a Barron's interview that appeared in early November 2008. Said that we were well into the bottom quartile - - - the 15th percentile.

"From here, on a one-year basis -- and this goes back to 1926 -- the market has been up about 18%, on average, in the next year."

http://online.barrons.com/article/SB122549293587789385.html

That interview was done in the final week of October, when the SPX was around 950.

Can't imagine what historical percentile we are currently at with a 682 SPX.
 
You must log in or register to reply here.
Back
Top