With equities markets now up for the fourth consecutive quarter, Barron’s takes a look at a few of the details:

• S&P 500 index gain from the March ’09 low to Q1 close: 73.5%:
• The Dow Jones Industrial Average gained 4.1% –its best Q1 performance since 1999 (both points and %)
• Russell 2000 index of small-cap stocks Q1 gain: 8.5%:
• Average number of stocks reaching new 52-week intraday highs each day during Q1: 228

And let me add this:

• The Nasdaq Comp is up over 90% from the March ’09 lows, while the Dow Transports gained~106% !

Category: Quantitative, Technical Analysis

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “By the Numbers: Q1 2010”

  1. dead hobo says:

    So let me repeat my question from a couple of threads ago …

    How many investment pros reading this have completely recovered from 11-1-2007? How many of their clients are whole again? I mean completely whole or better off. I don’t mean did great on a trade or two or snagged a great return for the past few months. Even having sat on my ass for the past year (mostly for personal reasons due to promises made to family … going conservative was the best option), I’m still down only 17%, more or less, from my sell off on 11-1-2007. The only reason I’m down anything is because I uncharacteristically accepted some bad investment advice from a said pro and personal reasons caused me to sell out at a bad time. I accept the blame for that, however.

    So, put up or shut up, investment pros. Now that you all claim to be economic geniuses for making some money over the past few months…. PUT YOUR PORTFOLIO RETURNS SINCE 11-1-2007 ON THE TABLE FOR ALL TO SEE. How many of your clients are back in the green again?

    My family obligations are over and I plan to buy the next appreciable dip and, hopefully, remove my 17% deficit completely this year plus add some green to that. However, if no dip arises due to the Fed reflation trade and newly forming asset bubbles, then I’ll buy the next collapse instead.

  2. dead hobo says:

    OR, the corollary to my question above … If you geniuses are so smart, how come any of you are still net down, or any of your customers are still net down, since 11-1-2007? Nobody could have seen that one coming?

  3. bobabouey says:

    Not sure what you are talking about, I’m not a “pro” and I’ve not only recovered from end of 2007, but am comfortably in the black. Many hedge fund guys I know also seem to be in the same position… Its not a matter of being a genius. The ones who had cash in reserves in early 2009 and invested in a variety of asset classes despite the constant need to vomit out of fear during Q1 2009 are up 50 – 100% easy for 2009. I moved a lot of equity into cash despite taking 30% losses in 2008, but dumped most of it back into the market in Q1 2009. Not too much genius, more a good amount of luck and a strong stomach.

    Good luck waiting for the “next appreciable dip” and the “next collapse”. If only it were so easy – and again, I’m not saying I’m a genius, I’m just saying it seems to me that if you were short biased in 2008, you will spend years looking back fondly on those times, and if you were long biased in early 2009, you will spend years looking back fondly on those times. If you missed both events, you may just be out of luck as the next 5 years are just going to be a tough slog.

    What ever happened to Steve Barry, did he stubbornly hold on to his QQQQ short position through the run?