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Fundranker Blog—Strong December Start

Strong December Start

The market surged over the first two trading days of December, sending the Nasdaq Composite Index (as measured by Fidelity’s Nasdaq Composite Index Fund) up 3.268% to another bull market high.

The two-day surge sent the S&P 500 Index (as measured by Fidelity’s Spartan 500 Index - Investor Class Fund) up 3.481%, but the index remained down a fraction of a percent from its November 5 bull market high.

Fundranker’s Top Eight Model Portfolio gained 3.391% over the first two trading days, putting it just a tiny fraction of a percent below its April 23 bull market high. The Top Eight Model Portfolio was not able to top its April 23 bull market high in November, but December’s strong two-day start put it ever so close.

Posted 12/02/10 11:59pm ET in Fundranker, Market