an tSionna 3.06.09 Rogues Gallery Fidelity Contra

Fidelity Contra Fund is like Hebner's CGM more of a focus fund. It has done better on a relative basis since last fall but is still down more than 50% in the last year. I've heard through the grapevine that they took a rather larger position in certain banks at the end of last year and that is hurting them now. No way to verify that though.

As for Fidelity's Magellan fund, it suffered its worst showing in a decade last year when it lost over 48%. It is also down relative to the market in 2009.

*Long certain ETFs related to bank stocks.