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Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Thursday, May 18, 2006

Stock Picking Contest: Update

Halfway through our annual stock picking contest, the bears have the edge. On average, their picks have declined 1%, versus the market’s 5% advance since last Halloween. Bulls, as a group, are just beating the market with a 6% gain as of yesterday’s close.

We call this exercise “Love Only One,” and we’ve been doing it for decades. The gist of it is to pit the finest minds on Wall Street against the market. Twelve bulls each give us one stock they think will beat the S&P 500 over a one-year period, while five bears offer up one that need only lag the index’s performance. Anyone successful gets invited back for another year.

Full story at Forbes.com