None Of Your Mutual Funds Are Making Money

This was published over at thestreet.com this morning:  {Excerpt}

"U.S. stock mutual funds that invest in a diverse array of companies turned in a shameful performance last quarter, as none -- that's right, none -- made money.  Among funds that buy mainly U.S. stocks and use no leverage or short positions, only three sector-specific {utility}funds eked out gains from the beginning of July to the end of September, according to fund-research firm Morningstar....

The stock-market rout gathered steam last month on concern the U.S. economy is slipping into another recession and Europe's debt burden will sink more banks and lead to a further decline in global corporate profits. In September, materials stocks fell the most, by 13%, followed by energy, with a 10% drop, and financial services, which tumbled 8.3%, according to Capital IQ. Utilities shares were the sole sector to rise, by 1%."

Link:  None of your Mutual Funds are Making Money