GMO's quarterly letter
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[quote=AGEMAN][
I don't have any of those clients in their 40's and 50's. I have mostly 60's-80's so I have to be more tactical in these situations. I already have most of my clients set up very conservatively, but I did make some moves today. It seems the dollar may be strengthening for awhile, so I lightened up on MLP holdings that were up 40-70% in the past 12-18 months since I put some clients into them. We will look to buy them back in a couple of months perhaps if we can buy them lower. Also, lightened up on EM etf's for a client in a tactical account. The long term is a bunch of short term moves you make. I think most clients see through the old buy and hold we can ride this out routine. If we want to keep our clients in the market and not have to get that call that says go to all cash then we have to be tactical in these markets. My goal is to keep the client invested (not necessarily in stocks) so they don't bail completely. I was pretty successful at that during the market downturn. I was very fortunate to make a couple of good tactical calls as well that kept people invested and made them some money. (Buying a lot of MLP's and Muni funds beginning in Oct-Dec 2008)[/quote] I did a lot of the same late last week, for my clients who are volatility-sensitive or 50-60 ISH. Sold some DBC and other commodity / weak dollar related stuff, lightened up on EM, and Materials ETF's. Question - whats your rational for selling the MLP's, ? They aren;t that sensitive to the price of the commodity, they are more sensitive to interest rates.This forum is HILARIOUS! Some of you have ZERO credibility. buy buy buy, that’s all you know. Monkeys that do what they’re told, good job monkey’s. You have Shania trying to throw out support numbers that are a joke. ( probably from CNBC ) Morons saying people don’t want to go long over the weekend. ( Holy crap if that isn’t stupid! no one wanted to stay short. 19 out of the last 21 Mondays were up.) For everyone that doesn’t know what Friday’s last hour was…short covering. That is the only thing that makes moves like this. Like, March 6th 09’ on a smaller scale. And NO Shania, this is not a bottom. If you want to know what to watch…If SPX breaks 1103 on good volume, bulls will run! Geez…The simplest things are a mystery here. My opinion…bad few weeks ( weekly charts are still horendous ) rally back to 1100 then a fall to the lows.
buy US dollar short gold short market treasuries cash For what it's worth. Also, I have been correct, don't forget it. I appologize for the harsh words, but some of you have been trying to bait me into an arguement for the last week. Also, 2 new clients last week!!!![quote=Shania Twain] [quote=suspended]
Hope you bought!
[/quote]
mel,
your a bull.
come clean brother.
your welcome on bull money train[/quote]
Your right Shania, I was wrong. I am a bull now. Mlgone changed my viewpoint on this
No announcement from ECB on Greece over the weekend. Bad news for the bulls. Today could get ugly…
[quote=howboutshoeshine] This forum is HILARIOUS! Some of you have ZERO credibility. buy buy buy, that’s all you know. Monkeys that do what they’re told, good job monkey’s. You have Shania trying to throw out support numbers that are a joke. ( probably from CNBC ) Morons saying people don’t want to go long over the weekend. ( Holy crap if that isn’t stupid! no one wanted to stay short. 19 out of the last 21 Mondays were up.) For everyone that doesn’t know what Friday’s last hour was…short covering. That is the only thing that makes moves like this. Like, March 6th 09’ on a smaller scale. And NO Shania, this is not a bottom. If you want to know what to watch…If SPX breaks 1103 on good volume, bulls will run! Geez…The simplest things are a mystery here. My opinion…bad few weeks ( weekly charts are still horendous ) rally back to 1100 then a fall to the lows.
short gold
short market
treasuries
cash
For what it’s worth. Also, I have been correct, don’t forget it. I appologize for the harsh words, but some of you have been trying to bait me into an arguement for the last week. Also, 2 new clients last week!!![/quote]
don’t you make like 120K?
[quote=
For what it's worth. Also, I have been correct, don't forget it. [/quote] short spx 940ish short gold 890ish I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correI have been correct, don't forget it. ct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. (buy price needs to be LOWER the sell price. )[quote=Shania Twain][quote=
For what it's worth. Also, I have been correct, don't forget it. [/quote] short spx 940ish short gold 890ish I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correI have been correct, don't forget it. ct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. I have been correct, don't forget it. (buy price needs to be LOWER the sell price. ) [/quote] Wrong wrong wrong wrong wrong wrong wrong wrong wrong wrong wrong. Funny thing is... you know you are lying,but you have been a weel-disciplined spin machine for so long, you probably even believe your lies.Originally posted by howboutshoeshine
Wrong wrong wrong wrong wrong wrong wrong wrong wrong wrong wrong. Funny thing is… you know you are lying,but you have been a weel-disciplined spin machine for so long, you probably even believe your lies[
Just going by your posts.
This, of course is the official record of this message board.
Please show us when you “bought low” or "sold high"
Before it happened.
(that is another important point. For example, if you pick the Aints to win the super bowl it MUST be BEFORE the game is over. we have found over time that it is easier to call teh market AFTER it has happened. many people are good at this)
can’t see what you wrote, but you ARE full of SH*T!! spinster. Do you know how I know?? I’ve made money!!! Oh ya, for every single client. conservative aggressive, doesn’t matter. Keep spinning your webs, soon enough you won’t be able too.
can’t see what you wrote, but you ARE full of SH*T!! spinster. Do you know how I know?? I’ve made money!!! Oh ya, for every single client. conservative aggressive, doesn’t matter. Keep spinning your webs, soon enough you won’t be able too.
Yeah your a big hitter shoe. How much did you make again? 120K Wow you are a player. Tool boy
[quote=howboutshoeshine] can’t see what you wrote, but you ARE full of SH*T!! spinster.
[/quote]
short spx at 940.
retest
acats-a-raining
swans-a-singing
new lows
sorry.
I thought you meant market was going lower.
You can do it Shania!!!!!!!!![quote=howboutshoeshine] can’t see what you wrote, but you ARE full of SH*T!! spinster.
[/quote]
short spx at 940.
retest
acats-a-raining
swans-a-singing
new lows
sorry.
I thought you meant market was going lower.
Senior Member
Joined: 23 Sept. 2009
Posts: 823 Post Options Post Reply Quote Shania Twain Report Post Quote Reply Posted: 04 Jan. 2010 at 9:24am Jan 4 2010
shorts feeling PAIN.
next 3 weeks gonna be fun.
naz looks even better the industrials/spx PURE GENIUS!!!!!!!!!!!!!!!!!!!!!!! Good monkey.
1120 gone on spx. PLEASE cover those shorts
<SPAN =smText>By Shania Twain, 24 Dec. 2009 at 11:22am
Posted: 25 Nov. 2009 at 11:47am Originally posted by howboutshoeshine
Well, Losers. I'm done, you're too stupid for me. 10% US dollar 15% 20 year treasuries 15% corporates 15% aggregate bond index 5% short GOLD 10% TIPS 15% BIL CASH Odd.....No mention of shorts????? Not till mid-January anyways......... Spin spin spin........ Point proven, I will not be negative to you again Shania. Truce?
1120 gone on spx. PLEASE cover those shorts<SPAN =smText>By Shania Twain, 24 Dec. 2009 at 11:22am
ummm. yes.
(although did pull a bit off table when sentiment got nuts.)
I am a ragging mf bull.
actually shoe, you did say “5% short gold”.
You guys are confusing howaboutshoeshine with meletio.
They are not the same.
Meletio is a complete toolbag.
Shoe is a bear with an acerbic wit.