Portfolio Performance +5.2% Through March 2009

Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +5.2% YTD (including dividends) DJIA: -13.3% Nasdaq: -3.1% S&P 500: -11.7% DJ WIlshire 5000: -8.9% Russell 2000 (smallcap): -15.4% The stock market enjoyed a strong rally [...]


Congress to Bernanke: “Why Aren’t Your Rate Cuts Buoying Stocks?”

Paraphrasing Congresswoman Sanchez who asked Bernanke why stocks jump in the aftermath of rate cuts only to sell off harder once the afterglow wears off. She questioned whether the Fed’s tools were no longer sufficient for the current crisis. Of course, the right answer is the Fed is not interested in propping up stock market [...]


No Value Added

I recently made a resolution to stop focusing so much on what delusional pundits, authorities, and the like say in the media. It’s not productive (except as a gauge on sentiment), my portfolio has performed quite well ignoring their hallucinatory ramblings and I’m not sure why I should get so riled up over mass cluelessness. [...]

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Bob Heller: Wrong, Wrong, Wrong

Bob Heller, a former Fed official, just popped on Bloomberg and stated that the Fed messed up the economy, get this, by raising interest rates too high and wrecking the housing market. I try not to get too belligerent when pointing out these foolish pundits but this guy must be an ABSOLUTE IDIOT. Remember, this [...]


The Fed’s Conundrum

The European Central Bank (ECB) and Bank of England (BOE) both decided to keep rates unchanged last night. This only puts more pressure on the Fed. Several commentators have noted (and I agree) that the Fed needs the cooperation of other central banks if Bernanke and co. wish to continue this cycle of rate-cutting without [...]

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Another Week, Another Plea for sub-3% 10-year notes

Dawn Bennett of Bennett Financial Services just appeared on Bloomberg and nonchalantly mentioned expectations of the 10-year note coming down to 2.25% in 2008. She also asserted that there was no inflation — only phantom inflation. She used the ridiculous comparison of gas prices in the US to gas prices in the UK to illustrate [...]

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