As we near the end of the first quarter, the major U.S. averages are back in the +4-5% range YTD after the rapid ascent the past week and a half. That is a great pace, and if we straightline it sets up for a 3rd very good year for stocks, +16-20%ish. As always, you could have done better with the right stocks – according to Bespoke here are the 47 stocks in the Russell 3000 that already have gained 50%. Most of these names are not in my normal wheelhouse, and on quick glance it appears energy stocks definitely have been place to hang out thus far in 2011…. for obvious reasons.
This is a guest post written by Trader Mark who runs the blog Fund My Mutual Fund.