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I think holding any form of the S&P is an essential anchor for anyone's portfolio, especially if you are involved in some sort of retirement account. On average the S&P index has risen something like 10.2% since the 1920's. Out of all the S&P indexes I like this one the best. I looked at the average return from 00-06 and it has returned roughly 21-22% vs. the S&P's return of -0.5% for that same period. Clearly a value-oriented strategy produces good returns and I trust you can expect better than S&P average returns over the long haul with this index in your portfolio.
I'd also encourage you to read my blog regarding the S&P and elections:
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=35871&t=01001664020471485901
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Why not?
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Judging from limited data gathered so far, all I see is a beta around 1. Out/Under is a crapshoot. I'll think positive...
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