[youtube=http://www.youtube.com/watch?v=m_iKg7nutNY&hl=en_US&fs=1&rel=0]
If you don’t have a plan, you will become part of someone else’s plan. Battles are won before they are fought.
Author: Ivanhoff
SPX Statistics
S&P 500 was down 8.2% in May 2010, which is the worst monthly performance since February of 2009.
SPX was down more than 5% in a month 63 times since January 1950. In 33 out of 63 cases, the following month was negative for the index. On the graph above you may see the distribution of 5% down months. December had only one occasion where SPX was down more than 5%.
Bill Ackman talking about hedge funds, CDS, rating agencies
[youtube=http://www.youtube.com/watch?v=CtjpyQixVdo&hl=en_US&fs=1&]