Update: May Month End

May was not a good month for the Stock Market. The "Europe Contagion" hit the markets in a grand fashion and brought the U.S. into "correction" territory. Volatility was the big word for most the month as investors experienced a new term "flash correction" and realized how little diversification there really is in the world right now. The correlation amongst indexes on a global level is evident and off the charts. Asset allocation has taken on a whole new meaning- what asset allocation?! It seems everything is moving in the same direction. I guess that is what happens when 70% of the trading volume is now controlled by flash trading firms utilizing the same models and probally all went to the same schools. They all think alike. WallStreetRamblings.Com did pretty well- all things considered. We are up 43% on the year vs. The S&P500's -2.30%. We left a lot of money on the table and look to correct some of our mistakes. It was not easy. Check emails for updates. have a great weekend and I'll see you in June!