Companies associated with the Internet were the big losers in 2000, as the dot-com bubble burst in one of the more dramatic sector collapses in U.S. market history. Armstrong had the distinction of being the 10 th worst performing stock on the New York Stock Exchange in 2000. I talked about the volatility of the specialty retailer sector in my November commentary. Healthcare and Financial Services companies dominate the names. The incredible run-ups of the late 1990 s could not continue.
Historical averages show that performance levels out over time.
That being said, the worst time to bail out of the market is at its bottom. The patient investor has profited as the markets rose in the 90 s, has endured the downturn of 2000, and will profit again as the markets rebound. And now, we re-set our performance clocks at 0.00, and let the new year begin. Investors want to party like its 1999.