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Performance

2010 Performance Review
The year 2010 was marked by a stock market that was strong in the...
- Posted January 16, 2011
- 0
Actively Managed Funds are a Losing Bet
Richard Ferri has written two articles in Forbes recently making a strong case against...
- Posted February 27, 2010
- 0
One, Five, and Ten Year Performance Comparisons
The SMA Portfolio’s partial allocation to fixed income during the decade has enabled favorable...
- Posted January 9, 2010
- 0
SMA Performance through 12/31/2008
________________________________________ It has been widely reported that 2008 will go down as one of...
- Posted January 10, 2009
- 0
Investment Returns Through 2007
The latest annual returns of the two featured portfolios were uninspiring in what...
- Posted January 14, 2008
- 0
Portfolio Performance Update
The results in the table above indicate the Tactical Timing System has performed better...
- Posted January 29, 2007
- 0

2013 Performance Review
Given the dismal performance of the SMA Portfolio in 2013...
- June 30, 2014
- 4
2012 Performance Review: One Year, Five Year, and 10 Year Comparisons
The past year was one which exhibited very little in...
- January 2, 2013
- 0
Performance Review: One Year, Five Year, and 10 Year Comparisons
The performance of the Stock Market Advantage (SMA) Portfolio was...
- January 3, 2012
- 0
2010 Performance Review
The year 2010 was marked by a stock market that...
- January 16, 2011
- 0
Actively Managed Funds are a Losing Bet
Richard Ferri has written two articles in Forbes recently making...
- February 27, 2010
- 0

Jeff Gundlach: “The Situation has Changed”
Jeffrey Gundlach, chief executive officer of Doubleline Capital, told...
- October 5, 2018
- 0
Preferred Stock ETF Allocation Increased
The allocation to iShares U.S. Preferred Stock ETF (PFF)...
- October 2, 2018
- 0
AT&T and BT Group Added to the SMA Portfolio
Weakness in the telecom sector, along with rising interest...
- May 18, 2018
- 0

Is the Retirement Crisis Really a Crisis?
PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
- 12
Alarming Chart of the Stock Markets of 1987 and 2012-2013
Several days ago I posted a chart showing the...
- May 22, 2013
- 8
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
- 7

Based on a scale of 1 (major complacency) to 10 (extreme fear): Current and Selected Past Readings:

Date	Index	SMA Comment
1/11/2018	1.8	Unusually low fear could mean we're near the top in valuations
1/13/16	6.3	Terrible start to 2016 raised fears
10/3/11	8.5	A good tradable bottom (S&P 500 @ 1,085) based on lots of nonsense
3/9/09	7.0	Market bottom (S&P 500 @ 666); end of the world was nigh
10/27/08	8.8	Market had dropped 28% in 5 weeks, Paulson pulled out all stops to save Wall Street bankers
10/12/07	3.2	Market top (S&P 500 @ 1,562); worldwide housing bubble starting to be pricked