Technology and Telecom Lead the Way

Where are all the technology bulls? If you peruse trailing 12 month sector performance you just might be surprised.  Who liked these stocks a year ago? Materials and Utilities trailed tech a bit, with Financials and Stapes bringing up the rear. Where were you overweighted? Momentum junkies love riding their winners for all they are worth....

Don’t forget what a little multiple expansion can do.  Janus might start getting inflows again...but the Nasdaq blowoff in ‘99/’00 is likely to remain a dream...or nightmare.

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