THE market snapped back like an oversized rubber band this week - thwack! Down went Rich Pritch, worst hit of the lot. Only one of his picks (Strategic Energy) made money, while three had declines in the double digits. That allowed the in-form Pottsy to make his move into top spot, closely tailed by lifeguard Nick Hughes-Jones.
After a great start to the year, reporting season has come as a reality check to many investors. It's had a higher body count than a Rambo movie. Not to mention Greece. Don't get us started. Seriously. Can you imagine what would happen to Australia if that country defaulted on its debt? A quick look at the Department of Foreign Affairs and Trade website outlines what's at risk: $40 million worth of exports to Greece in 2010-11. Our biggest export: $6 million worth of "medicaments" - presumably the shortened term for "medical predicaments", although how you can export such a thing is beyond us.
Both of our new leaders lost money - in fact everybody did in week two.
Everybody, that is, except for Dartboard. Darty is well due for a change in fortunes. His/her Northern Star was ascendant (by 14 per cent), while Antares (Energy, that is) was also dominant. That means Darty jumps four spots to fourth.
The counterbalance to Dartboard's success was AFR associate editor Philip Baker's descent to the cellar. The Baker was laid low by a trio of plummeting stocks - Thundelarra, Slater & Gordon and Aquarius Platinum.
United Future Foundation's Annabelle Chauncy manages to keep her head above water - just - but astrologer Doreen Daze and marketeer Steven Kavallaris dip into the red.