Rochester, NY 8/25/2009 7:01:01 PM
PowerShares QQQ Trust, Series 1 ETF QQQQ, PowerShares still stands out if the NASDAQ never drops
PowerShares QQQ Trust, Series 1 ETF QQQQ
From a mega-bear market to a mega-bull market till the market is standing, expectation from the usual steady rises is “given”. But when you see an 11 day consecutive rise and then a gain ‘again’ that would make a twelfth consecutive day rally in an index, this becomes very much out of the norm regardless of what kind of market and economy you are in.
That is the case for the NASDAQ, and ditto for the NASDAQ 100 measured by the PowerShares QQQ ETF. We have seen a steady rise in the S&P 500 in the same period, but the SPDRs do not have the exact same number of consecutive winning days. Results of 80% average price gain during 2009 alerts.
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