Q2 2007 – Keeping Score

The markets spent the first two months of the second quarter charging higher, then the last month drifting sideways. All three indexes look poised to break out to new highs, and in fact the NAZ has since burst to highs not seen since the beginning of 2001. The difference now is that then in 2001 it was headed lower. It’s appropriate that the Nasdaq is now leading the charge higher as tech shares have been lagging most other sectors for years now. For the quarter we notched up 5.27% and scored a 28.74% gain year over year.