The market is down over 200 points. The psychology of the market changed considerably. My guess it will be in a trading range between 1050 to 1150 for S & P 500 and 10500 to 11800 for TSX. Wealth effect is usually being under-estimated. The correction can take on life by itself.
My objective is to have a portfolio that has much less volatility than the market. The market is down over 2% today but my portfolio are down less than 0.4%
Closing value
Portfolio 1(U$): 111073
Portfolio 2 (C$): 80547
Thursday, January 21, 2010
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