According to the FundX Newsletter, "[t]he April issue of the Hulbert Financial Digest reported that dollars invested in the stock market would be worth no more today than if invested in a money market fund."  Here are the annualized returns of the FundX portfolio versus TSM from January 1, 1999 to March 31, 2008:

• FundX Upgrading: 12.2%
• Wilshire 5000: 3.3%
• 90 day treasuries: 3.3%

Note also that according to the newsletter, as of May 1, 2008, over the past 12 months, the FundX Monthly Upgrader Portfolio has returned 5.7% versus a loss of 4.7% for the 500 Index.

Petrocelli