Week one of the new year in the markets was a train wreck. Down about 8%. I think I saw somewhere that was the worst opening week in NYSE history.
Here is a table showing the various open MFI tracking portfolios. The first column is how everything stands today. The second column is how things were at end of 2015.
| 1/30/2015 | -13.1% | -4.5% | -8.6% |
| 2/27/2015 | -21.0% | -13.9% | -7.2% |
| 3/27/2015 | -20.6% | -13.9% | -6.7% |
| 4/24/2015 | -22.6% | -14.3% | -8.4% |
| 5/29/2015 | -22.0% | -16.0% | -6.0% |
| 6/26/2015 | -18.9% | -9.8% | -9.1% |
| 7/30/2015 | -14.2% | -4.2% | -9.9% |
| 8/28/2015 | -9.1% | 0.4% | -9.5% |
| 9/25/2015 | -8.1% | 0.6% | -8.7% |
| 10/30/2015 | -13.8% | -6.8% | -7.0% |
| 11/27/2015 | -11.7% | -4.8% | -7.0% |
Look at that wreck. 4 of the tranches are in bear territory, down more than 20%. WTW is proving even Oprah can not save the day. The "official" MFI Index is 7.4% down in first 5 trading days. GARIX is down "just" 4.2%, I guess the sort/long is saving the day.
My MFI select is down 8.7% (hurt by NHTC)
MFI Formula down 5.2% and
MFI Micro down 6.0%.
Not sure where things go from here, but when I go shopping for my five new select stocks on 2/1, I think I'll be getting some bargains.
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