Don’t Fight the Fed

"Reality is that which, when you stop believing in it, doesn’t go away." — Phillip K. Dick PERFORMANCE Portfolio as of 3/31/2013 MONTH Q1 YDT Micro Cap Gross 5.85% 14.89% 19.88% Micro Cap Net 5.69% 14.34% 14.34% Russell Micro Cap 5.50% 12.58% 16.93% Wilshire Micro Cap 5.92% 15.21% 17.62%   DON'T FIGHT THE FED That’s how the old saying goes. In the Flash Report from Q4 we pondered the notion of Fed Chairman Ben Bernanke and his “Tilting at windmills” or attacking imaginary enemies. … [Read more...]