By Gil Knight , US fund manager at Govett As 2001 mercifully ended, the thinking was that invest...
By Gil Knight , US fund manager at Govett As 2001 mercifully ended, the thinking was that investors in US stocks would have a chance to breathe a sigh of relief and once again regain some hope and anticipation for better returns in 2002. So far, however, this has not been the case, for both January and February were disappointing months. For the first two months of the year, the Dow Jones Industrial Average returned 1.18%, the S&P 500 -3.38% and the Russell 2000 Growth -9.80%. Technology stocks, which enjoyed a dramatic fourth quarter of last year, were pummelled early thi...
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