1/31/06 No-Touch Portfolio Update
No-Touch Portfolio results year to date: (See earlier posts for makeup of No-Touch Portfolio.)
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Year to date through 1/31/06:
No-Touch Portfolio: 5.2%
as compared to:
Dow 1.4%
S&P 500 2.5%
Nasdaq composite 4.6%
Nasdaq 100 4.0%
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Change at the Fed. Today was Alan Greenspan's last day as chairman of the Federal Reserve, the private central bank given the power over our economy early last century. Supposedly created to provide stability, among other things, the Fed last century presided over two of the biggest crashes in our nation's history, not to mention the Great Depression of the 1930's. But enough of that.
...Farewell, Sir Alan. And good luck Dr. Bernanke. I suspect you will need it.
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