Half-Time Scoreboard

The first half concluded on Monday with a low volume whimper. A year that began with a five-week sell-off has recovered nicely. The broad-based Standard & Poors 500 (SPY) ETF was ahead by 6.05%, with the Nasdaq Composite PowerShares QQQ Trust, Series 1 (QQQ) ETF not far behind and rapidly closing the gap. The Dow Jones Industrials ETF (DIA) was the clear loser, on a relative basis, posting just better than a 1.5% index gain.

It seems we were all spoiled by 2013's almost non-stop, greater than 30% rise. If we end up annualizing the six-month returns on the SPY and QQQ, it will be quite acceptable for many people in our ZIRP world....161 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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