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A Midyear Market Assessment

Stock quotes in this article: ^DJI , ^IXIC , ^GSPC  

As we approach the midpoint of 2009, I thought it would be good to share an analysis of the current market. The first half of the year saw incredible moves, volatility and a potential market bottom. In fact, it contained more action than one typically sees in a decade.

However, if you went to sleep on Dec. 31, 2008, and woke up now, you would see the indices virtually unchanged. The S&P 500 is virtually flat, the Dow Jones Industrial Average is down modestly and the Nasdaq is up solidly.

Looking ahead, let's take a look at the bull and bear cases for the S&P 500 to figure out what may be in store for the summer and the rest of the year. (Keep in mind the market should slow down a bit into the Fourth of July long weekend.)

The Bullish Case

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,471.50 1,106.41 2,190.31 35.40
Oil *
71.66
UP
65.67
UP
4.06
DOWN
0.55
UP
0.58
10 Yr
3.54%
SPDR Gold
109.32
+0.63%
+0.37%
-0.03%
+1.67%
Data delayed 20 minutes

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