Over the last few days several people have questioned, and a few even challenged me on the relatively large cash position I have been holding for most of this month. As I write this the S&P500 is down 3.8% for the year, the Small Cap Russell2000 index is off by 6.2%, the S&P500 is down nearly 6.2%, while the Nasdaq is down over 15%. At the worst levels the S&P500 had shed 15.5% for the year, the Nasdsaq 19.8% and the Russell2000 just over 16%. Since most Mutual Funds and Hedge Funds actually put in worse performance than the Indexes its likely that the majority of them are d[...]
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[Source: The Money Blogs]
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