Buy EVERYTHING (also, ICM is awesome)

Hey everyone,

As I'm sure you found my pictorial posts about yesterday's stock market hilarious, I wanted to make the point that the title suggests:

Buy everything on 9/16/2008

(except for energy, financials, and AIG)

Buy some damn index for all I care....sell a kidney to finance it for all I care. Just buy SOMETHING that isn't going to tank. Buy some Best Buy. Buy some Sears. Buy some Apple. Buy some CapitalOne. Buy some Discover Financial Services (Those last two are financials, but I am highly confident about them in the long term).

In reference to Sears, I TOLD YOU SO.

Awhile back, I told you that I was a 100% sure that the S&P would not close below 1,200. Today, it closed at 1,192. I was a whole 0.67% wrong.

After today, you might ask, "Mansij, how is ICM managing its money since they made their first trade on 3/14/2008? I mean, I guess since you were marginally off about your prediction for your bottom, your investments probably aren't doing that well."

The investment decisions made since ICM's first investment on 3/14/2008 to market close on 9/15/2008 have outperformed the S&P average by 8.44%.

I was definetly wrong about the bottom by 0.67%, but I'd rather be wrong about a largely irrelevant metric and up 8.44% than be right about the S&P and be down 95% because I decided to buy Lehman Brothers.

Needless to say, we're all pleased with the results, but much of our strategy is expected to come to fruition in the next six to twelve months, so hopefully we can return even higher by next March and next September.

-Mansij Hans, E.I.T.
Member, Intigril Capital Management