Markets Bounce Back in Q2

The market has posted its best quarter since the fourth quarter of 2003.  The Dow Jones Industrial Average gained 838.08 points during the last three months to its June 30 closing of 8447, up 11% from April 1.  And while the market is still down 3.8% year-to-date, it has advanced 29% from the 12-year low hit on March 9. 

But that's only part of the story for the second quarter of 2009.  Trading the DDM, ProShares' double-beta Dow tracking stock, and using The Market Forecast, we are up 58% since our cluster low in early March.

The S&P 500 was up 15% during the second quarter.  The NASDAQ was up more than 19%.    

So what's the performance of the SSO, ProShares' double-beta S&P 500 tracking stock?  Up about 76% from the cluster low on The Market Forecast Chart.  

And the QLD, ProShares' double-beta NASDAQ tracking stock, was up over 85% since our cluster low in early March. It's been an exciting time to be in the market.

Just as important, markets don't have to move up--we can take profits in downturns.  We look for continued opportunities to profit in the months ahead.