S&P 500 FINANCIALS INDEX
The MLP dropped ½, still in the 285s & the REIT index dropped 3½. The Alerian MLP Index had an unforgettable year, difficult to imagine it ever duplicating that performance with a gain of 109. Junk bond funds were mixed, but many have doubled from their lows when yields were 20-25% & even higher. Markets learned to accept & reward risk. The flip side is the large sell-off in Treasuries. The yield on the 10-year Treasury bond soared after plunging early in the year. Rising yields bring lower bond prices
Alerian MLP Index --- 1 year
Dow Jones REIT Index --- 1 year
10-Year Treasury Yld Index - 1 year
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Oil & gold ended the year up an "up" tick. Oil had a good year after the first 2 months & gold is flying. Fundamentals are in place for gold to climb again, as usual timing is uncertain.
|CLG10.NYM||..Crude Oil Feb 10||..79.52||.. 0.24 |
|GCF10.CMX||..Gold Jan 10||..1,095.70 ||.. 4.20 |
OIL (ETF) --- 1 year
GLD (ETF) --- 1 year
This was a year for the record books, many didn't call that successfully at the start of 2009. Dow is up 4K (65%) from it lows. But NAZ gained 1K (75%) from its low. Many of the high yields beat even the NAZ. MLPs, REITs & junk bond funds had many which more than doubled from their lows. Buyers in the gloomy days were able to lock up amazing yields!
Dow Jones Industrials --- 1 year
Nasdaq --- 1 year
Happy New Year to all!!