I2, I always enjoy your questions!
For the record, the source of the data is Morningstar's Principia Pro for Stocks.
It is my estimate, that the 1,213 stocks that beat the Index comprise some 70% of the equity in this country. The fat get fatter!
Yup, the folks that beat the Index did it by a huge margin. The average investment return of these 1,213 stocks was a staggering 72%.
Your final question requires conjecture. I expressed my concern. The average PE for the 1,213 stocks is (at 11/30) 40.7 vs. a historical average of 21.6. That's a huge difference; particularly, when one considers that the projected growth rate of EPS is 21.3%.
Sorry I2, while I look at the past, I do not know the future. Of course, your comments and speculation are welcome. I posted the message really to demonstrate how fantastic the returns reflected by DJ and JT were in this turbulent year. I'm impressed as all should be.
To MG, I'll state that 1 1/2 year's too late, I've jumped on the AOL bandwagon. As those of us on this tread should recognize, the internet is the future. I continue to be absolutely amazed at the information I have available. However, I'm playing AOL thru NSCP. The stock is selling at a discount to the merger value of 6% and I believe that discount will have to close as the merger takes place. Of course, this is JMHO.
Berney |
