Brian, re >capital spending for 1999 is now expected to be up to $3.3 billion, up from the company's previous guidance of $3.0 billion<<
That's nice but too late. After tomorrow the world will be changed beyond comprehension. [Can you tell I've been roaming some OTHER threads? :) ]
Seriously: the SF Examiner has an interesting tidbit about financial newsletters. Excerpt [the worst letters]...
Over the past five years, if you had followed the recommendations in these newsletters, look at how much of your original investment you would have lost: Futures Hotline, down 99 percent; Overpriced Stock Price, down 96 percent; Elliott Wave Theorist, down 95 percent; Short on Value, down 86 percent; Option Advisor, down 64 percent; Granville Market Letter, down 62 percent. By comparison, the Wilshire 5000 Index returned 149 percent over this same time period!
and the best...
For comparative purposes, the risk-adjusted return of the Wilshire 5000 index is set at 100. The best newsletter, Systems & Forecast, has a rating of 108.4 and has produced an 8.4 percent higher return than expected given the level of risk it takes.
Here are the rest of the "top five" newsletters and their ratings: The Chartist, 89.1; No-Load Fund X, 86.7; Investor's World, 82.2; Value Line Investment Survey 80.2. As I said, these other four newsletters that round out the five "best" have a rating less than 100, which implies that their recommendations, given the risk entailed, performed worse than the Wilshire 5000 index.
examiner.com
Gottfried |
