Magic Formula Investing stocks continue to struggle post October 1st. My MFI Index is now down 2.7% for the month.
My 12 open tracking portfolios are up a composite 0.3% versus 8.3% for benchmark.
The latest casualty is ICON, which is down a brutal 50% today as Wal Mart is ending their relationship. That is the risk of these small cap names. And ICON is in 8 of the 12 open tracking tranches.
Struggle For Me Too
Even though I dodged the ICON trap door, today is a tough day for me MFI picks. off about 1.2%. RHI and RGR are major albatrosses. YY is my only stock significantly in the red. It can get a bit depressing to have these days,
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