Apr

2

 There have been six quarters with a return worse than -10% on the S&P index (not counting dividends) over the last  20 years (i.e. 80 quarters).  My counting shows the following:

Five of the following quarters have been positive (i.e. five positive out of six)

Average 5.0%  

Best 19% for quarter starting 10/1/1998

Worst -19% for quarter starting 7/1/2002

This compares to 53 positive out of all 80 quarters and 2% average return for all 80.Quarters


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