tag:blogger.com,1999:blog-12201456.post-91711979072618566162009-07-04T10:21:00.000-04:002009-07-04T10:21:01.476-04:00<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_dFwaKOYqt-A/Sk0Xlkn5KEI/AAAAAAAAIM8/QeBiZoIaQBc/s1600-h/back-to-the-future.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 400px; height: 343px;" src="http://3.bp.blogspot.com/_dFwaKOYqt-A/Sk0Xlkn5KEI/AAAAAAAAIM8/QeBiZoIaQBc/s400/back-to-the-future.jpg" alt="" id="BLOGGER_PHOTO_ID_5353961466266986562" border="0" /></a>Looks like TheStreet has not missed a beat since giving Lenny the heave ho. Enter Ron Insana, fresh off his wildly successful stint as a fund of funds maven. This, from <a href="http://www.longshorttrader.com/2009/07/inside-ron-insanas-time-machine.html">Michael Commeau.</a><br /><br /><p style="color: rgb(153, 0, 0);"></p><blockquote><p style="color: rgb(153, 0, 0);">I’ve always viewed Ron as a pretty thoughtful and even-handed guy, so I was pretty baffled at what I found in his <a href="http://www.thestreet.com/k/mm/index.html" target="_blank">Market Movers newsletter</a>. Let’s dig in!</p> <p style="color: rgb(153, 0, 0);">Here are two key excerpts from the disclaimer section of the inaugural issue of the newsletter published on Monday, June 29th:</p> <blockquote style="color: rgb(153, 0, 0);"> <p><em>The service consists of, among other things, a portfolio of securities chosen and actively traded by Mr. Insana, initially capitalized on March 13, 2009 with $200,000 of Mr. Isana’s personal funds.</em></p> <p>and:</p> <p><em>Mr. Insana manages investment portfolios separate from his portfolio in TheStreet.com Market Movers.</em></p> </blockquote> <p style="color: rgb(153, 0, 0);">Now take a look at Ron’s performance since March 13th, which is a bit better than the S&amp;P 500 over the same time period:</p></blockquote><p style="color: rgb(153, 0, 0);"></p>Well, you have to click thru to see it. But Michael find one small issue.<br /><br /><span style="color: rgb(153, 0, 0);"></span><blockquote><span style="color: rgb(153, 0, 0);">The problem is that </span><em style="color: rgb(153, 0, 0);">Market Movers</em><span style="color: rgb(153, 0, 0);"> is taking credit for investments made </span><strong style="color: rgb(153, 0, 0);">BEFORE IT EVEN LAUNCHED.</strong><span style="color: rgb(153, 0, 0);"> Sorry Ron, but that’s just not how investment newsletters work. Your subscribers did not receive the recommendations (since the newsletter didn’t even exist) that drove your alleged performance, so you have no basis for claiming this return.</span></blockquote>So let me get this straight. On July 1st he announces he magically started a newsletter very close to the market bottom. AND he outperformed since the bottom? Where can I sign up? And slap some money on the 2008 Cards to make the Super Bowl?<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/12201456-9171197907261856616?l=www.dailyoptionsreport.com'/></div>Adamhttp://www.blogger.com/profile/13212173199588282847noreply@blogger.com