FYI: It’s been a long time since the S&P 500 has experienced a double digit loss. The last one ended in October of 2011, so we’re coming up on three years of relative calm in the markets.
Markets always seem easier with the benefit of hindsight, but there’s always an economic, market or geopolitical headline at the time that adds to the uncertainty. There have actually been a couple of double digit losses since the market bottomed out in early 2009:
Regards,
Ted
http://awealthofcommonsense.com/even-bull-markets-arent-easy/
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Goldman Sachs: Why Stock Pickers Have Suffered a Really Bad Year...
It isn’t a pretty picture,... Goldman says ... and may bode well ( ? )
Only 23% of large-cap mutual fund managers have outperformed the S&P 500 this year, rivaling the worst performance in the past decade, according to David Kostin, chief U.S. equity strategist at Goldman. By comparison, about 37% of fund managers have outperformed the benchmark since 2003. Only performances in 2006, 2010 and 2011 have been as bad or worse than the current year’s pace.
http://blogs.wsj.com/moneybeat/2014/09/04/goldman-sachs-why-the-bad-year-for-stock-pickers-will-fuel-rally-even-more/?mod=yahoo_hs
From David's September 2014 Commentary
"There are 500 domestic large core funds. I’d be amazed if anyone could make a compelling case for keeping 90% of them open. More correctly, those don’t matter to anyone but the advisor who needs them for business development purposes."
http://www.mutualfundobserver.com/2014/09/september-1-2014/
What a fool thing to think. Not that what Snowball wrote isn't true, but I sure do not pay Ahlsten, Tillinghast, and the Yackts to outdo SP500 in a given year or even short period. More especially now.