Some notes

This weekend, got a call from a friend who was nervous and wanted to run through his portfolio. I want to note; I asked him in May, after he didn't believe me in jan that the market was dead. If he wanted to talk about restructuring his portfolio..... Here it is "October", now he wants to talk.....UGH!!!

We talked through bond options, what he didn't quite understand was that bond rates are "positive" for the most part. Regardless of the fact they weren't 'good' yields. Better than losing money. Not sure if i mentioned this, but his Mutual fund managers are aggressive, and look like they had an aggressive bond fund that had, Leh and maybe Wamu debt. Went from +8% to -3% in 3 weeks.

And one of the Large cap funds has 4% Wachovia, Took a big hit. But I told him it should pop in the next few days, because that 4% should be coming back.(assuming they didn't liquidate).

Besides the "I got a call from a friend who wanted to liquidate his portfolio bottom indicator" I was also out running this weekend and had that "Why is the market going to crash This time, After not doing it the other 6 times I've thought it."(you would think I would learn)

;)

Of course Armageddon is at hand, put the pile of gold out in the bunker, Fill the watter tanks, check the Generator.

bust out the BanJo!!!