By any measure, 2008 was a momentous year for investors. While great uncertainty remains as we look forward, we believe the probability for a reasonably strong stock market performance during the first two months of 2009 is high -- albeit with continued volatility.
Given the carnage endured with market positions, tax loss selling is the best strategy to employ. We have thus closed the model portfolio. Nearly all of the positions, however, remain attractive given the strong fundamentals enjoyed by each company. We will return to profiling some of these companies and many others in the weeks and months ahead. At some point in the future, we might open another portfolio as an education tool. For now, however, strategies with the existing portfolio are limited.
Analysis and editorial will be forthcoming in the year ahead.
Wishing you all the best in 2009,
Eric Dubin and the Investor Intelligentsia team
Wednesday, December 31, 2008
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