| Easeoff industry groups that have historically outperformed
the S&P 500 index on a risk/return basis:
Telephone HealthCare -- Drugs HealthCare - Diversified Electric Utilities Retail - Food Restaurants HealthCare - Medical Products Financial - Diversified Electrical Equipment Entertainment Foods Retail - Drug Stores Broadcasting Household Products Beverages - Alcoholic Natural Gas Insurance - Property Beverages - Non-alcoholic Electronics - Defense Oil -- International Integrated Insurance - Multi-line and Life Computers - Software and Services Waste Management Office Equipment |
EASEOFFReview and Analysis. From 1980 to 1996, the EASEOFF phases have had an average duration of 7 months, but the last two EASEOFF phases lasted 11 and 13 months respectively. The S&P 500 stock index has had average annual returns of 19.22% in EASEOFF's from 1980 to 1996, and even higher returns in more recent EASEOFF's (average annual returns of 25.43% in EASEOFF's from 1988 to 1999). The industry groups that have historically outperformed the S&P 500 index on a return/risk basis in the EASEOFF phase are listed in the Industry Column to the left. Of course, not every industry group outperforms the broad indexes in every phase, but investors would be wise to focus their portfolio holdings in these industry groups. |
 |
Subscription Information Disclaimer |