It makes sense for you to spend some time now looking at what has done well through this period so you can learn more about what to own if the above thought turns out to be correct.
Here's a new blog to tell you about, it's called World Beta. It is very new, started this month and is written by someone named Mebane Faber, relative of Dr. Marc or reporter David? I don't know.
The site seems primarily devoted to posts about portfolio construction with ETFs along with dissection of portfolio research. The content has a lot of meat on the bone so you need to roll up your sleeves.
In case you missed it PowerShares is listing another batch of ETFs, only five this go around.
- PowerShares Financial Preferred Portfolio (PGF)
- PowerShares Dynamic Large Cap (PJF)
- PowerShares Dynamic Mid Cap (PJG)
- PowerShares Dynamic Small Cap (PJM)
- PowerShares Value Line Industry Rotation (PYH)
Did you see the David Tice interview this morning? To paraphrase a Seinfeld episode; you know, just managing a bearish fund doesn't have to mean you need to always be bearish.
I have seen and read enough Doug Kass interviews to know there are always stocks to short regardless of what the market is doing. This morning Tice said he can't make a bullish case for stocks as he was calling for a 40% decline. I don't understand this. His opinion can be irrelevant. He's got a fund to sell. His fund is a tool for people that want some downside protection. It seems like he is always calling for a HUGE correction. I'm not sure how anyone can always think the market will can only go in one direction.