Current Holdings - After Cleaning House

Description:

I'm developing a trading system and found that many of the positions I held, while arguably good positions, don't fit the rules I'm establishing. So I sold out of most of the positions and am keeping a large cash position while I fine-tune my approach. I'm bearish on the overall market currently - it's easier for it to go down than to go up, so the line of least resistance is down.

Will be selectively adding positions that meet my new guidelines, but wouldn't be surprised to see that I buy nothing until after the big shakeup, which I believe to be after banks and brokers take their big one-time charges to mark held positions to market and after analysts reduce earnings projections to reflect the new lowered volume of mortgage-related biz.

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