Today was one of those quiet, mildly annoying, short-covering days in the market.  This is perfectly understandable going into the weekend, especially with the G20 song and dance revving up.  As I think my portfolio is well-hedged for anything that might come out of the G20, I see no reason to take off risk (move into cash).  So, no changes to the portfolio at this time, just results for week 1.

This week's results were largely meaningless, even with the whoop-de-do on Tuesday and Wednesday.  Up a bit here, down a bit there, everything well within the parameters of short-term noise.  As net movement was so small, I'm not going to bother posting position-by-position info, just total results for the portfolio and benchmark(s).  One quick note:  due to an error in the spreadsheet I made to track this shit, my closed position proft/loss was slightly off, so I'm taking an adjustment of -17.57 to my cash balance.  The error had no effect on outstanding position PnL, and my cash balance is at $4,187.91.

   

So, stocks mildy up, hard assets down a bit, model portfolio almost dead flat.  If my results remain this boring and pointless for more than a few weeks, I'm gonna shoot myself for all the time I'm spending on this nonsense.

Have a good and risk-free weekend!

Posted by: Hermit Dave at 11:56 AM | No Comments | Add Comment
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