Monday, May 21, 2007


"While the S&P 500 is flirting with the possibility of closing at a new all-time high, the Nasdaq is still about 50% below its record close of 5048 (March 10, 2000). Back then, the Tech sector accounted for about 30% of the total weighting on the S&P 500. Today, it is very influential, ranking second behind Financials, but it now accounts for just 15% of the broader market's weighting."

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