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Tracking Short List 2/10/09

With thoughts of a prolonged recession and increased savings rate from consumers, it means upscale spending should continue to be down even as the economy improves. This should affect Saks (SKS) and Tiffany's (TIF) and WFMI and Nordstrom's. It is also reported that casino business was down in December. That should affect LVS, MGM, WYNN, BYD. I haven't had a chance to review these stocks or add more. Just noting it with plan to review soon for action.
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Ahead with Index Funds

http://www.gregkarp.com/blog/2009/04/22/indexes-trump-managers%e2%80%a6again/ Adding to the pile of evidence that you can’t beat the market was a Standard & Poor’s study released this week. It found that over the five-year period from 2004 to 2008, the S&P 500, a popular index for big-company stocks, beat 71.9 percent of actively managed funds, those who employ a stock-picker. That’s especially striking, considering those high-paid stock-pickers are supposed to be able to trounce the general market during a recession. Among funds that held medium-sized company stocks, 75.9 percent lost to the index. (S&P MidCap 400). The story is even more profound among small-company stocks. The index, S&P SmallCap 600, outperformed 85.5 percent of funds that concentrate on small companies. Results were similar for the five-year period from 1999 to 2003, Standard & Poor’s said. Same story with funds that hold stocks of international companies. “But,” you might think, “I’ll just cho...
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