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Article: Rising market tide fails to lift some Mass. firms
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 13, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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It's been hard to lose during the spectacular stock market boom
of 2009. Hard, but not impossible.
The stock market hit bottom on March 9 and has been climbing
almost nonstop since. The Standard & Poor's 500 index is up a
whopping 60.5 percent since that low. In Massachusetts, the shares
of 212 public companies have gained ground.
"The market rally has encompassed virtually the entire university
of equities," says Tom Manning, chief investment officer at Silver
Bridge Advisors in Boston. "The old saying about a rising tide
lifting all boats certainly proved to be the case."
Well, almost all boats. A small number of local stocks actually
lost ground while the broader market was soaring. What ...