Monday, October 10, 2011

A Dismal Third Quarter

The third quarter of 2011, which ended a week ago, was a disaster for the stock markets. What's becoming clear as more detailed figures become available is how thorough the downturn was. Every equity category and every sector, lost ground.

Here are how some mutual-fund sectors made it through the third quarter:

Precious-Metals Stocks: Down 6.2 percent
Utilities: Down 6.6 percent
Health: Down 13.5 percent
Real Estate: Down 14.7 percent
Technology: Down 15.9 percent
Financial: Down 20.2 percent
Industrials: Down 21.3 percent
Energy stocks: Down 21.3 percent
Natural Resources: Down 25.9 percent

Did anything survive the quarter unscathed? According to the New York Times, there was one general U.S. stock fund that finished in positive territory: The Hussman Strategic Total Return fund. It gained 2.4 percent.

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