Article: Waiting on the blue chips: Gordon Bell's large-cap selections are slow to recover. (Stock Update).(Brief Article)

Last year, Gordon P. Bell, CFA, portfolio manager and director of Private Portfolio Group Smith Barney Asset Management, a division of Salomon Smith Barney Inc. and part of Citigroup Asset Management, looked for large-cap giants to weather the markets' gyrations and produce profits. While he believes that all of his Private Screening picks will be great over the long haul, they were down 33.81% last year.

"The overarching reason for the poor performance is the nature of the markets. We have a bonafide recession going on, people are making less money, and corporate profitability has certainly suffered significantly, which brings down stock prices," says Bell.

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