guess it don't matter much....if he is not trading.

once knew a guy who started a trading service in early 1987. he got bearish and stayed bearish as the market ran against him vertically. Every week, his letter would come out with his recommendations and their losses. Nobody could have withstood the draw down.

Finally, the crash of '87 dropped the market to where he could get out, on paper, at break even...and get out of the newsletter business, he did. any subscriber would have been wiped out following his advice.

today, he would say his service "broke even."

icd