Wednesday, December 03, 2008

Beginning of Stabilization?

Things maybe began to stabilize a little in November. Moominmama suffered a loss of "only" 4.76% vs. 13.06% in October. The MSCI was down 6.51% vs 24.02% in October. I haven't calculated my results yet but they are likely going to be worse than the MSCI due to having to sell most of my US stocks at the worst point in the market. And though the rate of loss slowed, Moominmama dipped under the $2 million mark and back to 2004 levels. The fall is due to both the fall in global stock and commodity markets and the rise in the US Dollar that reduces the value of non-US assets in USD terms.

One bright point is that my Australian margin account is out of the buffer zone this morning, due to the good performance of the Man fund we own in October - they take a month to update the values for some reason. In the long-term I definitely plan to add more managed futures.

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