esto dice K. Matras .... Para ponerlo en contexto , en el último párrafo, cuando habla del 2.016, se refiere al vencimiento de Marzo de 2.016 (es decir a un año y tres meses vista)
The terrific bull run of the last two years has taken the S&P 500 to consecutive all-time highs in each of the last eight quarters -- assuming December closes above 2,000. Don't worry, as I'm pretty sure it will.
My point is that investors who simply bought the index have done very well on a risk-adjusted basis, with a total return of over 45% for 2013-14 including dividends.
Meanwhile, less than 10% of mutual funds, hedge funds, and other active money managers have been able to beat that achievement. And this story will likely continue even though my target for the S&P is 2500 in 2016.
