The two trades you refer to are:

GLL from 6/5/09 to 7/20/09 0.00% return
SKF from 5/26/09 to 7/15/09 – 5.4% return

Successful trades:

QLD from 5/26/09 to 9/11/09 +40.5%
XLV from 5/26/09 to 9/11/09 +13.3%
DIG from 10/6/09 to 10/26/09 +10.0%
LQD from 5/26/09 to 8/6/09 +7.7%
TLT from 5/26/09 to 9/11/09 +6.3%

Currently open:

SLV from 9/25/09 (through 11/20) +15.5%

All of these and all other contrarian trading ideas are documented regularly in articles at TheStreet.com. You can access them at http://www.thestreet.com/author/1145074/john-lounsbury/all.html

The risk management processes used to control losses are spelled out in detail in the articles on contrarian portfolios.

If you have an interest in this process please follow my regularly published articles at TheStreet.com

1. Sell Gold
2. Sell Financials

You were dead wrong.

If you want the prospectuses from the recently pulled offering, I can e-mail them. There might be some changes, but probably not very much.

BTW the Trust terminates if the CS index moves more that 33.3% and stays outside that range for three consecutive months.

Cheers,

Ed Hynes, CFA; Hello:

If you want the prospectuses from the recently pulled offering, I can e-mail them. There might be some changes, but probably not very much.

BTW the Trust terminates if the CS index moves more that 33.3% and stays outside that range for three consecutive months.

Cheers,

Ed Hynes, CFA;;

Ah! Yes, that puts a little perspective on things!

Thanks for your reply.

Ted S.

I relate the Second Law as applied to the earth as a system (although not a closed system since energy is incoming and radiated) to an analogue of the saying that “in the long run we are all dead”. Fortunately, the long run could be hundreds of thousands of years, or longer, from the perspective of the Second Law. I think it is far more likley that the long run in the thermodynamic sense will be foreshortened by environmental degradation or interplanetary collision.

From a philosophical and scientific curiosity point of view, addressing the thermodynamic limits of planet earth is an intriguing subject. From my professional perspective as an investment manager and family financial planner, it takes a back burner to my analysis of what trends are important for my clients over their lifetimes.

You have raised a very interesting set of questions. I’m sure they will not be erased from my mind – I am just not consciously bring these to the foreground. Who knows what will emerge from such subconscious manipulation. I thank you for taking the time to send your detailed comment.

You might find some of the things I publish at http://seekingalpha.com/author/john-lounsbury/articles
and http://seekingalpha.com/author/john-lounsbury/instablog
interesting, in addition to my efforts at TheStreet.com

Please make comments any time you feel stimulated to raise issues – I get much benefit from them.