Bear Market Performance
In 2000, the first global bear market since 1990, eleven out of twelve advisors from our universe earned net profits, thereby mitigating market risk and compounding client assets. The same occurred in 2001 with most of our advisors logging positive returns. In 2002, the worst calendar year for global equities since 1974, most of our advisors were once again profitable. Since 2000, ENR clients continue to compound assets in the worst environment for common stocks since 1973-1974.
The most successful asset class in bear markets and severe corrections since 1973 include reverse index mutual funds and managed futures funds. Below is a composite of long-term ENR Bullet Portfolio returns, including periods of market crises:
ENR Bullet DTP Portfolio: January 1, 1990 to December 31, 2008
| Year |
ENR Bullet Portfolio |
S&P 500 Index
|
| |
% |
% |
| 2008 |
-4.74 |
-38.50 |
| 2007 |
+7.46 |
+5.49 |
2006
|
+14.14 |
+15.80 |
2005
|
+9.39
|
+4.91
|
2004
|
+2.26
|
+9.00
|
2003
|
+17.85
|
+26.38
|
2002
|
+4.94
|
-22.10
|
| 2001 |
+15.15
|
-11.87
|
| 2000 |
+28.96
|
-9.08
|
| 1999 |
+17.01 |
+20.90
|
1998
|
+21.94
|
+28.50
|
1997
|
+21.61
|
+37.55
|
1996
|
+20.63
|
+22.90
|
1995
|
+21.11
|
+37.55
|
1994
|
+12.47
|
+1.30
|
1993
|
+31.95
|
+10.00
|
1992
|
+17.09
|
+7.60
|
1991
|
+19.58
|
+30.50
|
18-year average
|
+15.49
|
+9.54
|
| Boldface type indicates bear market periods. |
| |
Performance During Periods of Market Crisis
|
| |
ENR Bullet
|
S&P 500
|
| |
% |
%
|
2002 Bear Market
|
+4.94
|
-22.10
|
Third Quarter 2002
|
+5.20
|
-17.63
|
Second Quarter 2002
|
+6.54
|
-13.73
|
Third Quarter 2001
|
+6.06
|
-13.73 |
Sept 2001 (9/11)
|
+2.74
|
-8.17
|
First Quarter 2001
|
+9.27
|
-12.12
|
Asian Crisis
(Oct 1/97 - Oct 31/07)
|
+0.17
|
-3.57
|
Russian Crisis & Long-Term
Capital Management Bailout
(Aug 1/98 - Sep 30/98)
|
+3.93 |
-9.25
|
1990
(U.S. S&L Crisis, Gulf War)
|
+33.48
|
-3.10
|
| |
|
|
|
