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Well, it’s all over. The year 2005 ended on a bit of a sour note. The Dow finished the year in the negative. Today, the Dow dropped 67 points, and S&P 500 fell 6.13 points to finish at 1248.29. For the day, the S&P 500 lost 0.49% and the Buy List lost 0.90%. For December, the S&P 500 lost 0.1% and the Buy List fell 0.04%. For the fourth quarter, the S&P 500 gained 1.67% and our Buy List gained 4.68%. All in all, this has been a good time for us.

Earlier I mentioned how the market likes to find certain numbers on the last day. At today’s close, the S&P 500 rose by 3.001% for the year (not including dividends). Also, Bill Miller’s Legg Mason Value Trust beat the market for the 15th straight year, although it was close. The fund returned 6.02% beating the S&P 500 with dividends by just 0.59%. Manu Daftary of the Quaker Strategic Growth Fund kept his eight-year streak alive.

The broadest stock index, the Wilshire 5000, was up 4.56% for the year.

Here's the big change of the last 12 months. At the end of 2004, the 10-year Treasury bond yielded 4.22%, today it yields 4.39%. But the two-year Treasury jumped from 3.07% a year ago to 4.41% today. It pays you slightly more than the 10-year yield.

Posted by edelfenbein at December 30, 2005 11:26 PM