02.01.08 January Portfolio Results

It was a tough month all around for the ports, though each of them outperformed all the pertinent market indexes:
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NoTouch Portfolio: -1.8%
OOPs Portfolio: -2.1%
Dividend Portfolio: -1.2%. The first two portfolios are 'set and forget' (see previous blog entries for their makeup. But I will likely be making a couple of changes in the new Dividend Portfolio.
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The above portfolio results, as poor as they were, compared favorably (or at least less unfavorably) vs the market averages:
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Dow Jones Industrials: -4.6%.
S&P 500: -6.1%.
Nasdaq Composite: -9.9%.
Wilshire 5000: -6.2%.
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Goldman Says Banks May Face $60 Billion In Writedowns. (Bloomberg). I suspect that when the dust settles that number will have been on the low side. Goldman also speculates that commercial real estate prices may fall another 21-26%.
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I keep hearing that the bottom is in. I saw where Cramer said on his show last night that the financials are one of the areas to be. I hope that is correct. It still looks like a bear market rally to me, and I suspect there was quite a bit of short covering occurring. Time will tell.