- The small-cap value Piotroski approach was the leading approach in 2003 with a rocketlike 142.3% gain.
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Winners and Losers in the 2003 Performance Race
by John Bajkowski
The market crashed through a wall of worry to most likely finish its first positive year of the millennium. The S&P 500 propelled forward 22.1% through December 12, 2003, having overcome the fear and uncertainty of Iraq, mutual fund scandals, a jobless economic recovery, and spikes in the cost of fuel.
But the AAII stock screens were not left eating dust. Table 1 presents the stock screens tracked on AAII.com. And the winners are: