Fidelity Select Fundranker

Fundranker Blog—One Year

One Year

At the depths of the Great Recession, when the market reached 12-year lows on March 9, 2009, despair seemed to be overwhelming. Then a market rally started, and hope returned, or maybe it was the other way around. Despite many calls for the market to test new lows, it never really did. You can see from the chart below that the market did turn down significantly three times over the last year, but always recovered.

As of March 9, 2010, the Nasdaq Composite Index (as measured by Fidelity’s Nasdaq Composite Index Fund) reached a new high for the year-long bull market, while the S&P 500 Index (as measured by Fidelity’s Spartan 500 Index - Investor Class Fund) and Fundranker’s Top Eight Model Portfolio were tantalizingly close to highs they reached in January.

After Fundranker, the S&P 500, and the Nasdaq Composite fell 54.1%, 54.9%, and 55.1%, respectively, during the bear market that lasted from November 1, 2007, through March 9, 2009, they gained 61.5%, 72.8%, and 85.7%, respectively, during the year which ended March 9, 2010:

3/9/2009 through 3/9/2010

Posted 3/10/10 10:02am ET in Fundranker, Market