Tuesday, May 17, 2011

Nasdaq Deja Vu

by Bespoke Investment Group

With the Nasdaq once again running into headwinds, many investors are getting an uncomfortable sense of deja vu. Since the Nasdaq peaked back in 2000, the index is now making its third attempt to break above 2,900. If the outcome of the last two attempts (declines of more than 50%) is any indication, it is not going to be a pretty Summer for Technology stocks. The bulls, however, are hoping that the third time is the charm.





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