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Bullied Markets Make Case for Mid-Cap Growth Stocks

The markets may have been bullied a bit recently, but the way things are shaping up makes a solid case for mid-cap growth stocks. Markets rolled modestly higher on Friday ahead of the Memorial Day weekend as bulls once again shrugged off some bad data points on the economy and focused on some good news. But for the week and month, stocks were down across by the board by as much as 2.5%. The really bad data Friday came from a plunge in pending home sales, while the news was only mildly weak in personal income and spending. I guess people just aren't carrying that optimism over to the home-buying sector. The Dow Jones Industrial Average finished the week with a 0.6% loss, while the Standard & Poor's 500 Index sank 0.2%, the Nasdaq Composite fell 0.2% and the Russell 2000 rose 1%. Developed markets outside the United States are up 3.7% for the year, while emerging markets are exactly flat. Click here to read on...
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