Category Archives: Uncategorized

It Has Gotten Worse

In the previous posting we called attention to the call for 40% fixed, 60% equity in July.  What doe a 60/40 allocation look like as of Jan 1? It now projects 20% more downside risk than upside potential if only … Continue reading

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The Roller Coaster Market Ain’t Over

                                      Where did PMPT say we were in July 2018? The graph below shows the effect of increasing equity above 60% (left graph).  The upside potential ratio for the active portfolio with a 6.2% allocation to VGT, the Vanguard Growth … Continue reading

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Pity the Poor Programmer

Welcome to the new world of chaos. High volume, Wild swings!  Does anybody pity the poor young physicist hired by Wall Street who now tries to explain to management why his algorithm gave a buy signal just before the collapse … Continue reading

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UPDATE

  I have now sold my stock in Tesla at a ridiculous profit.  Still have the car and love it!   It has been a long time since my last posting on Elon Musk.  Since then I have bought a … Continue reading

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On Embracing Complexity

Recently deceased scientist, Stephen Hawking, said to a graduating class, “The next century [21st] will be the century of complexity” and encouraged them to embrace it.  Yes, we should not fear it, but embrace it by gaining knowledge of a … Continue reading

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Who Knew?

  Figure 1   Who knew last November that the market would crash in February? That was the beginning of the Trump rally which just collapsed (Figure 1). In June of last year Kal Salama and I posted an article … Continue reading

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The Cost of Assuming Symmetry in a Skewed World

     Frank Sortino & Kal Salama  In an Uncertain World If you believe the uncertainty associated with investing in the indexes shown in Figure 1 is bell shaped, and it is not, all your metrics for performance measurement and asset allocation … Continue reading

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