For the past five months, U.S. stocks have been in a rut.
Since Oct. 30, the S&P 500 Index has traded roughly between 2,000 and 2,100. Every time it hits a new record, profit taking has set in. The same is true for the Dow Jones Industrial Average, which has veered between 17,000 and a little over 18,000.
The Nasdaq Composite index, which retook the much-hyped 5,000 level it last reached in 2000, closed above that magic number only three trading days before it, too, promptly sold off.
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