Bookkeeping: 'Rising Tide' Performance Year 2, Week 2

Year 2, Week 2 performance of the mutual fund

Comments: This week we worked on stopping the hemorrhaging. All things considered, aside from a bad day Monday, it was successful. We're still not making money, but we didn't give away a bunch of our previously achieved gains again this week, and took a minor loss. The markets went nowhere, but there was a lot of sector rotation and individual stock movement. Bad news was rewarded in retail.... when exactly the thesis changes from "lower oil is a great thing for the consumer!" to "hey, what is lower oil really signaling (bad economy)?" is an open question. But when that moment hits I expect the market to tank (again). Until then - despite looking promising early in the week for a break over the 50 day moving average - we could not sustain a movement over. A bull would say "building a base, just give it time"; a ...