geert lovink on Tue, 11 Dec 2001 20:54:25 +0100 (CET)

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<nettime> did you check your jihad portfolio today?

(Reporting from the dotcom observaty desk... Don Luskin was associated with
the metamarkets crew, if some of you may remember, a high tech fund close to
the Long Boom authors which wrapped up in August. In this climate a loss of
4% in the tech stock area is considered a good result while the jihad
portfolio (defence stocks) grew at a nice 41.74 % rate. Geert)


From: Trend Macrolytics
To: Trend Macrolytics
Sent: Tuesday, December 11, 2001 6:26 PM
Subject: Update on the Luskin Report Model Portfolios

Since we switched from the Luskin Report to Trend Macrolytics, many of you
have asked, "What happened to the model portfolios?"

They're alive and very well, thank you -- although at the moment they are
not displayed on the Trend Macro site at

We're looking for a good way to show them on the new site, but for your
information here's how they've been doing.

As of today's close, all three stock portfolios have beaten their benchmarks
since inception. And in the case of the Jihad Portfolio, the absolute
results have been remarkable.

Since inception on September 28, the Jihad Portfolio of defense and security
stocks has gained 41.74%, compared to 9.51% for the S&P 500 (its benchmark)
and 40.83% for the NASDAQ 100.

Since inception on August 7, the Irrational Exuberance Portfolio of
technology stocks has lost 1.96%, compared to a loss of 5.35% for the S&P
500 and a loss of 3.01% for the NASDAQ 100 (its benchmark).

Since inception on August 7, the Rational Exuberance Portfolio of non-tech
New Economy companies has lost 4.00%, compared to a loss of 5.35% for the
S&P 500 (its benchmark) and a loss of 3.01% for the NASDAQ 100.

Considering the extraordinary events that have occurred in the world since
these portfolios were set up -- and considering that they have hardly been
traded at all -- these results are really quite satisfying.

I'll keep you informed as these portfolios develop, and let you know if we
find a good way to show them on the new site. In the meantime, please visit for daily rations of much-needed intellectual
ammunition. It's a war out there.

Thanks to all of you. And best wishes for the holidays.

Don Luskin

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