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Back-to-Back Losers in the Big-Cap Growth Pool

 

Some major league hitters can hit the fastball and some can hit the curveball. Few can hit both, and those who hit neither aren't in the majors for long.

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This idea isn't just true on the baseball diamond -- it plays out in the fund world, too. You might say that 1999, when stocks in high-growth sectors like technology hit eye-popping valuations and then kept climbing, was the equivalent of a 95-mile-an-hour fastball. But much of the sound and fury has faded, with the tech-laden Nasdaq Composite losing more than half its value over the past 12 months. So let's slap a curveball label on 2000 and this ugly start to 2001. ...

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