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To: maceng2 who wrote (109109)6/17/2001 3:10:15 PM
From: Mark Adams  Read Replies (1) | Respond to of 436258
 
During late 99 early 00, value stocks were being sold to finance tech purchases by momentum investors. Or that was the theory proposed in a landmark Barrons article shortly before the initial collapse of the Nasdaq, and resurgence of value. The two year chart includes this period of insanity with respect to value stocks.

There are value funds that have underperformed, but in general there appears to be a consensus that value has outperformed growth during the past 18 months. Now that this is being picked up by the press, it may be the end of such outperformance. Hartlands performance was truyly remarkable- and I just happened to graph it by chance. I didn't have the foresight to invest with them.

My read on the barrons article was that depending on which stocks a person owns, you may hear "what bear market?". Most people look at the index as a proxy for the market, when often there are divergent underlying trends. One example of such trend was the outperformance of midcap stocks last year.

finance.yahoo.com^DJI&d=c&k=c1&c=mdy,^spc,^ixic&a=v&p=s&t=2y&l=on&z=m&q=l