Daily Speculations

The Web Site of Victor Niederhoffer & Laurel Kenner

Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.

 

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4/8/05

Dick Sears Weekly Update:  Just the Facts, Ma'am

All I have for you today is the facts -- the
various numbers and charts that I update
every week. Written commentary is not
in the cards.

Blame it on the fact that today I'm making
the switch from an old computer to a new
one; or that I'm suffering from a cold; or
that I want to watch the Masters on TV.
All are true.

Whatever the reason, this is all she wrote.

Returns for Week Ended April 8:

Gilder Technology Index (GTI):  + 0.2%
Nasdaq Composite Index (NSD):  + 0.7%
S&P 500 Index (S&P): 
+ 0.7%

Historical Returns:

  GTI    NSD  S&P 
1997 (est'd) 21% 22% 31%
1998 (est'd) 48% 40%  27%
1999 284% 86%  20%
2000 - 44% - 39% - 10%
2001  - 43% - 21%  - 13%
2002 - 56% - 32% - 23%
2003  130% 50% 26%
2004   3% 9%    9%
2005 to Date  - 12.0% - 8.1% - 2.5%
Avg for 8+ yrs  8.7%  5.4% 5.7%
Last 52 wks - 18%  - 3% 4%
Since the high
of 3/06/00
- 81% - 60% - 23%
Since the low
of 10/09/02
212% 79% 52%

Makeup of the GTI:

The GTI companies are those "Telecosm
Technologies" in the Gilder Technology
Report whose stock is readily available to
investors. If a company is not traded on the
NYSE, AMEX, or NASDAQ National Market,
it is not in the GTI.

This past week there were 29
companies in
the GTI. Advances vs. declines were:

16 up, 13 down, 0 unchanged.