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We hate to keep playing the same old song and dance, but the markets really don’t look much better than they did a few weeks ago. Sure, some modest gains have been made, including in our own Current Portfolio, which is still mostly in the red. Small stocks are in the dumper and could remain there for a little while longer. Keep in mind that when the subprime carnage hit last month, the mutual and hedge funds sold off many of their small caps in a desperate scramble to raise cash. What can help the situation right now? Good question. The consensus seems to be the Fed rate cut, expected any day now, but that may already be factored into the markets very recent upturn. Now may be a time to step back, but still do a little bottom fishing.
Here are the headlines since the Newsletter about companies in the Current Portfolio. Dates in parentheses are when we first recommended them.