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Correct me if I'm wrong but for dow strategies they do post the dow return as well as the S&p500 returns. I assume your are talking about the Valueline equivalent returns for the workshop models.

Yes, I was talking mostly about Valueline. Although in many articles (F4 and others) they continually make a habit of comparing to the improper benchmark to prove performance.

My point was that our original reason for looking at screens is to beat the S&P500 (thus beating and therefore removing the need to only hold the index fund) but of course the screen must be also able to beat the benchmark otherwise you could just buy a random selection from the benchmark database and do better.

Exactly! I think we are on the same page here. That is why the first step in a valid analysis is to test against the benchmark. If you haven't beaten that, then your strategy is automatically inferior regardless of how it compares to your target (i.e. S&P)

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