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 And the winners are:

    • The small-cap value Piotroski approach was the leading approach in 2003 with a rocketlike 142.3% gain.

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