Thursday, September 11, 2008

large cap value down again

According to Fama & French, large-cap value stocks have fallen for two consecutive years only five times in the past 100 years:

Great Depression: 1929-1932
World War II: 1939-1941
Arab oil embargo: 1973-1974
Collapse of the Internet bubble: 2001-2002
Collapse of the housing bubble: 2007-2008

It's rare, but this kind of marketwide value depression is a golden opportunity.

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