Weekly Market Wrap
01/20/2006
This week was a good test
for our Bear
Market Portfolio. While the S&P 500 was losing ground
during the past week (-2.03%), our Bear Market Portfolio was
gaining ground (+1.07%). Since inception in May of 2005, the
Bear Market Portfolio has gained 13.20% versus 8.43% for the
S&P 500, despite the lack of a bear market.
The market was down for the
week due to unrest in Iran and Nigeria (which caused oil prices
to rise), as well as disappointing earnings reports from Yahoo,
GE, and Citicorp, none of which appear in our recommended
portfolios. Despite profits surging 84%, Yahoo's stock fell
because investors had expected profits to grow more than 84%.
Yahoo's results led some to believe Google's Internet advertising
revenues would also come in lower than expected. This caused
Google's stock to drop, even before its January 31 earnings
announcement.
Despite the down week, many
of our recommended stocks made substantial gains, many of
which came from our Cornerstone
Growth Stock Screens.
For the full week's update, subscribers
can go here.
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