10.17.08
As you can see in the chart below, this has been a terrible market for those who were invested during the last two months. We gave a CASH signal on Aug 28, 2008 and have held in cash ever since. September and October have been responsible for the greatest part of the losses in all four indices. Our Timing Model, by design, is conservative and has paid off handsomely by avoiding the “market crash” of 2008. Those pundants, who say that Market Timing doesn’t work, need to re-think their advice. We have received numerous e-mails thanking us for saving them thousands of dollars. You may recall that one of our by-lines is: “We would rather be out of the market wishing we were in, than in the market wishing we were out.” It is just that kind of situation right now. I love being able to sleep well and watch the craziness from the sidelines. Thanks for those e-mails.
We are still down slightly for the year, but we will take it with a smile.
|
NDX100 -2.23%
|
|
S&P500 -1.10%
|
|
R2K -1.29%
|
|
Comp -2.06%
|
|
DOW -1.44%
|
|
|
We are 100 % in CASH as of the close on: Oct. 17, 2008
|
For those of you who do some stock investing, we are adding some money in three stocks right now. Walgreen’s, United Technologies, and Cardinal Health are stocks that we consider long term buy and hold additions to our stock portfolio.
DJIA:[ -6.00% September Performance] [-17.25% October month-to-date] [-32.31% year-to date]
NASDAQ: [-12.05% September Performance] [-17.89% October month-to-date] [ -35.24%
year-to-date]
S&P 500 Index:[-9.08% September Performance] [ -18.74% October to-date] [ -35.55%
year-to-date]
Russell 2000:[ -8.10% September Performance[-18.74% October month-to-date] [-35.55%
year-to-date]
We are still staying on the sidelines with 100% cash in MTA timing program.
Till next time
The MTA Staff
