Updown Performance : May down 6.3%

My Updown account was down 6.3% in May 2010 while the S&P 500 was down 8.2% so I beat the index by 1.9%. 

For 2010 I'm up about 3.8% which is 4.5% better than the S&P 500.

Since starting in March 2008 I'm up 6.4% while the S&P 500 is down 18.1%.

The market was beat up pretty bad this past month.

I bought another chunk of FRE at $1.20 simply speculating that it will bounce up again.   I also bought some NMM to add to the previous purchase of SB.   Both are shipping companies with pretty high dividend rates.