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To: Rarebird who wrote (26708)12/28/2005 3:06:09 PM
From: Elroy  Read Replies (1) | Respond to of 57684
 
The Russell 2000, S@P 600 Smallcap, S@P 400 Midcap, and NYSE Composite Index, along with the Dow Transports, have been hitting new all time highs throughout the course of the year.

They are up how many percent more than the S&P 500? All time highs? Like, higher than 2000?

Moreover, there was a period from April to September, where the A/D line was quite strong.

So? How did all the average equity fund stay out of the market from Jan to March, enter in April, and exit in September? Just because 2005 had some good months is no reason the average fund would outperform over the whole year.

The Dow, S@P500 and Nasdaq haven't done all that much this year, but some of these value managers (and shareholders) at these mutual funds have been having the time of their lives. The Bear market has been mostly confined to the growth stocks and the big high tech names.

As far as tech goes, that's incorrect. Of the 79 tech stocks in the S&P 500, 39 were up and 40 were down YTD as of yesterday's close (I happened to look at that at work today).

Again, please explain why I should believe that the average US equity fund is beating the S&P 500 this year. That's highly unusual, so I'm skeptical.