Our Miserable Performance on Friday

I want to spend a moment on our performance on Friday. What else can I say? The Buy List was absolutely killed. Unlike other folks on the Internet, I refuse to hide my lousy performance.

The 20 stocks on the Buy List dropped 2.78% compared with a loss of 1.79% for the S&P 500. That 0.99% underperformance is one of our worst showings in a long time.

The major culprit was Ford (F) which lost 13.41%, but that wasn’t the only big loser. Deluxe (DLX) lost 5.09% and Bed Bath & Beyond (BBBY) lost 4.03%. Every stock except for Medtronic (MDT) closed lower.

Fortunately, the Buy List is still ahead of the market for the year. We’re now up 2.59% compared with 1.49% for the S&P 500.

Posted by on January 31st, 2011 at 9:39 am

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.