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3_3 Small Cap Stocks

3_3 Small Cap Stocks - Why Are Small Fish Still Biting...

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8/18/08 7:43 PM Why Are Small Fish Still Biting? - WSJ.com Page 1 of 2 http://online.wsj.com/article_print/SB121900598984147701.html DOW JONES REPRINTS This copy is for your personal, non- commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit: www.djreprints.com . See a sample reprint in PDF format . Order a reprint of this article now . Jason Schneider August 18, 2008 ABREAST OF THE MARKET Why Are Small Fish Still Biting? Small-Cap Surge Doesn't Make Sense Given Fundamentals By TOM LAURICELLA August 18, 2008; Page C1 Small-company U.S. stocks are leaving their bigger brethren in the dust. Investors chasing those outsized returns could wind up choking, too. Since July 15, the Russell 2000 small-cap index is up 13.7%. Those stocks have an average market capitalization of $1.1 billion. In comparison, the Standard & Poor's 500-stock index has climbed 6.9%. The performance gap between small and large stocks is even wider since the start of 2008. The Russell 2000 is down 1.7%, while the S&P 500 has tumbled 12%, even though small-cap stocks entered bear-market territory months before the S&P 500. Like other market swings since last summer, the steep rebound by small-cap stocks is surprising Wall Street veterans who thought they had seen just about everything. "We're getting calls from a lot of clients wondering what's going on," says
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