DJIA up 53%! SP500 index up 61%! Great news for equity investors!
But we don’t usually measure performance from the bottom of a trough, do we! If instead of measuring from March 9, 2009, you measure the gain from December 31st 2008, when most people agonized over their year-end results, they are only up 14% and 21%, and from the high of October 11, 2007 they are still down 29% and 30%, so you have still got 40% and 42% to go to get back to where you were in October 2007. Facts, as John Adams said, are stubborn things!
The reason we mention all of this is so that when you measure Bloodhound’s performance in our blog you should know that the average gain of our 12 model strategies at the end of September is 68%, with two over 90%, not from an arbitrary trough, but from December 31st, 2008. Compared to 14% and 21%, it makes them even more impressive, doesn’t it!