weekly Risk Report 09/11/2009
Yet another anniversary of 09/11/2001 passed. On that day, two of my cousins were at work in NYC, one had just a few weeks before transferred from the WTC to another office. Near Miss. A childhood friend, George Spencer, died that day because he’d arrived promptly at work. A college friend was late to work at the WTC and survived. Truly, some things aren’t predictable.
Our market risk indicator is in the lower 10th percentile of our data since 1982. While two of the components remain bullish, one is marginally bearish and one is neutral. With the market rallies of late, we’ve seen sales in our Currency, High Income, Global Signal and Balanced SP portfolios. Many components are now fully funded with reserves of cash.
