It’s still a crazy world out there. Oh, for the stability of this past February, or the big runup from Sept. 2010 until Mar. 2011. But no, it’s been down, down, down since the beginning of August.
Oh, well, at leat our Swiss watch, the Swatch, is doing better. It’s price has improved to $56.54. Last week, it was $64.03! Sometimes IFO wishes the US was run by the Swiss. When the Swiss decide to do something (admittedly after loooonnnnnngggg deliberations), they do it.
Gold is just having a fit. Can’t decide what price to settle on. It’s been up and down as much as the Dow and rarely in sync with the Dow.
Our Model Portfolio, like the entire market, took a minor hit this week. From a total loss of $551 last week, it dropped a bit to almost $600. Dow is down 2.2% for the week, while the MPI is down only 0.9%. There are no financial stocks in this portfolio, accounting for some of the good results.