We have been noticing several trends that point to the ongoing change and evolution in the world markets in 1998. These trends are greatly shaping the investment environment for 1998 and future years.
(1) The bigger, the better. The U.S. market has been excellent for big cap stocks, average to poor for mid sized companies and terrible for small companies. For example, during the U.S. market correction from April 13 to mid June, the Dow Jones Average fell less than 10% while 60% of all stocks listed on NASDAQ fell by over 20%. This decline by the small capitalization . . .
Continue Reading: July 2, 1998
