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I also mourn the loss of a simple strategy. I have been doing some analyses of my own, and was beginning to have some doubts. If I ever finish, I will write up a Soapbox report. Meanwhile, your comment

"What we are left with now seems to be index funds or some of the many forms of
Spiders."

brings up a question I hope someone can answer. I have been investing (and considering investing) in various sector spiders. E.g., XLK is the tech sector, XLE is the energy sector. These have been available only since December 1998, as I recall. Does anyone know of a database for the history of S&P sector indices? It would be useful in my analyses.
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