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I felt I could simplify my life by transferring all my sector money
from Fidelity to Rydex. There are fewer sectors to follow and I can
get my money out without penalty. In back testing, with what I look
at, the return is about the same. I don't even look at Selects
anymore.
I can not find one single Rydex Sector Fund that I would want to own.
The only one that comes close is Energy. In the past, using surrogate
groups to mimic the actual fund, if at least 60% (excluding Energy,
Energy Service and Gold, who march to their own drummers) are not
positive it bodes badly for the Market.
I consider myself an intermediate term investor. I am comfortable (I
think) in Ursa and cash until around the 19th when several cycle
bottoms are due (quote McClellan). I'll take a hard look then.
What do you folks think?
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