2010-01-01

December Performance

Index

Dec. %

YTD %

S&P 500 TR

1.93

26.46

MSCI EAFE

1.36

27.75

上海 Shanghai

2.56

79.98

Fund



Entertain. Trends

-0.09

23.46

Green Dragon

-0.09

26.79

Best of Funds

-2.81

-1.35

Pharma & Dogs

-1.26

6.91

China Fund

1.49

11.86

Software Security

1.84

32.88

Yield to Me

0.04

21.73

Catch a Falling Knife

-13.74

-49.81

graph of fund vs. market indexes
SINOX m100 S&P 500 DJIA Nasdaq

Above is a 1 year chart of my China fund. Below is the two year chart.
graph of fund vs. market indexes
SINOX m100 S&P 500 DJIA Nasdaq

Bearishness didn't pay off this year, and the fund is about level with the U.S. market and missed the huge rebound in Chinese stocks this year. Below is the steady under performance of the Best of Funds since about June. Of course, bearishness paid off in the previous year and the two year chart shows it.
graph of fund vs. market indexes
MRC m100 S&P 500 DJIA Nasdaq

graph of fund vs. market indexes
MRC m100 S&P 500 DJIA Nasdaq

Finally, here's a two year chart of the Green Dragon fund, clearly showing when I turned bearish on this year's rally around the time of August-September of this year. I had been invested in some mining shares such as Teck (TCK), among others, which went on to higher ground as my fund flat-lined and lost some value.
graph of fund vs. market indexes
GDF m100 S&P 500 DJIA Nasdaq

This year is going to be just as challenging, with a potential dollar rally already in the works and a new $4 trillion bailout for the banks courtesy of Barney Frank. They'll need it, since the government's actions of the past year have only postponed the inevitable. The question is whether this year sees a setback, or whether, as with the housing bubble, the government and Federal Reserve manage to delay it for several years.

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