The market continued it's slow melt down today. I used the day to sell the rest of my LMNS (took a 21% hickey on that one) and my KERX (the stock I had bought last week when I saw Klarman was a buyer - I made a 5% gain). I will continue to watch KERX and may buy again on weakness. LMNS is one I will try and forget.
I am watching Mad Money, he is talking about chartists and the Fibonacci Retracement. You know, it seems about as scientific as astrology. Yes, you can always find some example that shows where it worked wonderfully, but I need more than that for my hard earned money. I would love to see a backtest, or an example of someone running a hypothetical portfolio using "Fibonacci Retracement Ratios" as a basis for decision making. Fibonacci was a brilliant mathematician (I actually visited his grave site in Pisa) and Fibonacci series are very common in nature (such as flowers on petals).
The decision moose moved into treasuries a bit more than a month ago. So far, he looks pretty savvy.
So far, the long duration treasuries are up 3.08% since the moose move. That is actually the best performing asset class of the ones I am tracking (I may be missing a couple).
The table below shows each of the etfs and how they have done since 4/14: