GuruFocus Updates 7 June 2010 Featured No Comment

By guruek. Market internals deteriorated further last week, while valuations eased off of their recent extremes, but remain clearly elevated on our metrics. The continued combination of unfavorable valuations and unfavorable market action holds us to a fully hedged investment stance. The majority of the day-to-day fluctuation in the Strategic Growth Fund here is driven by the difference in performance between the stocks held by the Fund and the indices (S&P 500, Russell 2000, Nasdaq 100) we use to hedge. We have no inclination to buy dips here, because we have no support from either valuations nor market action. Read more » »