Diversified Investors See a Bull in Bear's Clothes
Those who avoided the tech wreck are posting solid returns this year.
For many diversified investors, the loud growl of the bear in the Nasdaq Stock Market this year may have been much worse than its bite.
After a precipitous decline in April and May and a fitful recovery through June and July, the Nasdaq Composite index is down about 25% from its closing high on March 10 and down about 7.6% for the year to date. If you have been holding a batch of speculative technology stocks or mutual funds that traffic heavily in them, such as many of Janus Capital's offerings, you've probably been mauled.