Friday, May 23, 2008


One of the many things I am paid to do is worry. Worry is a very poor misuse of imagination.

As clients of Chippewa Partners know we moved out of our core exposure to the S&P 500 on Wednesday, May 21. There is no money in worry. Taking action is playing defense.

Defense is key. We have had a very good run off the March lows, and rather than hope to keep moving up, now is the time to protect those gains and not let them erode. Erosion can come very fast in the current mood of this market.

Price and volume action are extremely muted. The market is in a confirmed correction.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173