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MARKET PERFORMANCE
The second quarter took back all of the stock markets’ first
quarter gains and then some, with all major indices closing around
seven month lows. Excluding dividends, the Dow was down 9.97%,
the S&P down 11.86%, and the NASDAQ off 12.04%. Year to date
the indices are off -6.27%, -7.57%, -7.05% respectively.