Summit Master Water Fund vs. US stock indices 1999 - 2008 - CHART
- From: Vol 9, Issue 11 (November 2008)
- Category: Analysis
- Region: Unspecified
- Country:
This month’s chart comes from John Dickerson of Summit Global Management.
It illustrates the theory that the share prices of quoted water utilities become decoupled from the rest of the pack during a bear market. The idea is that in a bull market, share prices are driven primarily by growth prospects, and as these are marked down in the early stages of a bear market, water utility stories fall with the ...
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