The Fourth Quarter and Year 2001 Performance: The model portfolio has  gained 12.78% during the fourth quarter versus a 10.42% gain for the  S&P500.
While the market has not delivered positive returns for the year,  we are happy to point out that the Industry Selector is in positive  territory as the year comes to an end.
The year to date gain of 1.12% is  leading the benchmark by 1407 basis points.
Looking forward to the first quarter of 2002, our Industry Selector favors:  Aerospace/Defense, Auto Parts & Equipment, Communication-Equip/Mfrs.,  Distributors, Electronics (Semiconductors), Electric Companies, Electrical  Equipment, Equipment (Semiconductors), Financial (Diversified), Foods,  Footwear, Health Care (Drugs), Insurance Brokers, Insurance (Life/Health),  Publishing (Newspapers), Retail Stores (Dept.
), Retail Stores (Drug).
(full  article attached)  LJE    www.lajollaeconomics.com

The Industry Selector*
The Fourth Quarter and Year <NUMBER> Performance: The model portfolio has gained <NUMBER>% during the fourth quarter versus a <NUMBER>% gain for the S&P000.
While the market has not delivered positive returns for the year, we are happy to point out that the Industry Selector is in positive territory as the year comes to an end.
The year to date gain of <NUMBER>% is leading the benchmark by <NUMBER> basis points.
Looking forward to the first quarter of <NUMBER>, our Industry Selector favors: Aerospace/Defense, Auto Parts & Equipment, Communication-Equip/Mfrs., Distributors, Electronics (Semiconductors), Electric Companies, Electrical Equipment, Equipment (Semiconductors), Financial (Diversified), Foods, Footwear, Health Care (Drugs), Insurance Brokers, Insurance (Life/Health), Publishing (Newspapers), Retail Stores (Dept.
), Retail Stores (Drug).
(full article attached) LJE <URL>
health publishing newspapers happy point looking forward model portfolio parts equipment communication benchmark number gain p000 industry selector favors territory date