Last Wednesday saw the market drop 512 points. Yesterday, Monday, saw the market drop 634 points. The blogoshere and the internet in general, talk radio and TV is awash with pundits waving their arms and running off at the mouth. Is it a financial crisis, a political crisis, both, how long will it last, what should we do, which idiots are to blame?

Me? I’m watching all of this, writing and synthesizing and trying to make sense of it all.

I understand the fuss but am having a hard time getting all worked up over it. At least the financial part of it. That’s because the portfolio I have dubbed “tony”, the one I’ve been talking about recently, did OK.

How OK, you might ask. Well, yesterday the bond component was 100% in cash. The managed alternative asset component was 100% in cash. The equity component was invested inversely and leveraged. That component was up 13% for the day! When you add the three together, those accounts invested in the “tony” portfolio were up an aggregate of 4%. In one day.

It performed exactly as it was supposed to. Defensively and aggressively. So I ask you, which crisis are you talking about?