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It's Shaping Up to Be Another Terrible Year for Anyone Looking to Beat the Market

The difference between the best- and worst-performing asset classes is at an historic low.
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Are Complacent Markets Due for a Shock?

"A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts," Burton Malkiel wrote in his 1973 classic, 'A Random Walk Down Wall Street.'

The monkey's task would have been made even easier this year as the difference between various asset classes' returns has been pushed to the lowest in almost two decades, according to one simple measure of so-called performance dispersion.