Week 40 Major Position Changes

Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.

Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.

To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.

Cash: 18.1% (vs 3.3% last week)
54 long bias: 60.2% (vs 77.7% last week)
8 short bias: 21.7% (vs 19.0% last week)

62 positions (vs 66 last week)
Additions: N/A
Removals: Kinross Gold (KGC), Silver Wheaton (SLW), India Fund (IFN), Huron Consulting (HURN)

Top 10 positions = 30.0% of fund (vs 31.3% last week)
41 of the 62 positions are at least 1% of the fund's overall holdings (66%)

Major changes and weekly thoughts
We went through another week where most bad economic news was shrugged off and stock prices continue to hold their own. As always, news does not matter until it matters - the "gas tax" on the entire US economy is being sneered at, as is all the bad news on Main Street - much of it hidden behind faulty government numbers which paint a far rosier picture.