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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (18792)1/1/2005 11:42:47 PM
From: J.T.  Read Replies (1) of 19219
 
Since it has been claimed that I ridiculed Bernie's 2004
market prediction, I wanted to give him the benefit of the
doubt.

Maybe I was too hard on the Bernie judging 1 year.

I decided to look up Bernie's track record in Mark Hulbert's
Financial Digest.

Facts on his track record - as reported by a neutral third
party.

Furthermore, since I know Bernie missed the mark badly in 2004
with his prognostication - I tossed out all 2004 numbers.

I decided only to look at his track record thru December 31, 2003.

Bernie has been tracked by Hulbert since 12/31/82

His overall performance returns since 12/31/82 is as follows:

From January 1, 1983 Through December 31, 2003:

Bernie Schaeffer's Option Advisor Aggressive Portfolio:



20 + years annualized returns: (- 14.8%)
15 years annualized returns : (- 3.5%)
10 years annualized returns : (- 9.5%)

**

On December 31, 1996 Bernie added a 2nd Portfolio tracked by
Hulbert called the Put Selling Portfolio to Improve his
returns.
**

The combined portfolios returns is more impressive:
**

5 Years annualized returns: 2.5%

1 Year return for 2003: 18.7%

1 Year return for 2002: 2.5%



**

Finally, Hulbert said Schaeffer was one of the five worst
newsletters in his database over the past 10 years.

You be the judge of Schaefer's returns; facts posted by
independent third party Mark Hulbert's Financial Digest.
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