Post-Election Portfolio Update, Nov. 9, 2012

S&P 500: 1380 (98.2%)

Portfolio: $510,045 (102.0%)

XBI      2010 shares    $169,745

ITB     8160 shares    $165,648

DGS     3790 shares    $174,543

Cash                            $10

Notes:  U.S. markets have dropped significantly in the few days since the election, on fears of the impending “fiscal cliff” and an administration that campaigned on hostility toward business and business owners.  The portfolio is outperforming the market by 3.8% over the last six months, with a two percent portfolio gain contrasted with approximately a two percent market decline.

The portfolio sold IYZ, as telecom seems to be slowing and a significant product upgrade cycle has recently completed, and bought DGS, an emerging markets small-cap ETF based on a recent turn in emerging markets.