Easy come, easy go. The S&P 500 just hit the closing price for November in today's mess.
It remains a churn baby churn environment.
EDIT 2:40 PM – looking back at 2012 the entire year's gains were within Q1. On Monday April 2nd the S&P closed at 1419. Now it is 1418.
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund's holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog