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Looking at four major equity indices (S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Russell 2000), we can see that the Nasdaq has been the best performer year-to-date. And up until mid-September, everyone would have laughed at you if you suggested that stocks would undergo a downturn later in the year. But since the September Bernanke Top, these indices are struggling to hold on to their gains. As growth slows and corporate earnings slow, it's tough being a bull.

Race To The Top Or Bottom? - image001