Friday, September 9, 2011

Market Comment 09 09 11

The European Debt crisis weighed on the US stock market today.

The only equity position we have on the books is Permanent Portfolio (PRPFX). Much of PRPFX is invested in gold, silver and treasuries and only a partial exposure to growth stocks.

All GWM Model portfolios should show gains today as the stock market slumps.

I took profits in our 1X and 2X short positions in small cap equities and bought more US Treasuries.

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