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Fundranker Blog—Rally Update

Rally Update

The spring rally powered the market to new highs again this week, although the S&P 500 and the Nasdaq Composite Indexes were off slighty today, June 5, 2009. As of today’s close, Fundranker’s Top Eight Model Portfolio, the S&P 500 (as measured by Fidelity’s Spartan 500 Index Fund), and the Nasdaq Composite (as measured by Fidelity’s Nasdaq Composite Index Fund) have gained 31.68%, 39.83%, and 45.99%, respectively, since their March 9 lows. As of June 5, the Nasdaq Composite is over 12% higher, the S&P 500 is nearly 2% higher, and Fundranker is nearly 1% higher than their January 6 highs.

Posted 6/5/09 11:26pm ET in Fundranker, Market