Sunday, October 05, 2008

80% Down For The Year

As of today's close, 80% of stocks in the Russell 3,000 are down year to date, and a whopping 17% are down more than 50%. In the chart below, we highlight the year to date change of each stock in the Russell 3,000 sorted by performance (100% to -100% scale). As shown, the red takes up much more area than the green, and it gets pretty ugly towards the tail end on the right side.

Ytdperf1003

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.