Jim, The monkeys throwing darts must be having a tough time!
Looking at 6,172 companies, 17.5% beat the Index for the 21% investment return, 14.8% provided a return between zero and the Index, and a Big 67.7% were negative for one year investment performance at May 31. While this is a slight improvement in the negative 71% at the end of February, it has got to lead one one to reflect on where the Bull is.
Over 3 years, only 14.7% of the 5,269 companies beat the 27% return of the Index, while 44.9% were negative. Over 5 years, only 16.7% of the 4,165 companies beat the 25.9% return of the Index, while 31.8% were negative. In fact, the number of companies that have beat the Index over 3 and 5 years has declined since February. It is a tough bull!
Berney |
