A Momentous Occurrence

By Matt Benjamin From Baltimore – Something momentous occurred in financial markets on May 7, and it may portend an important transition in the economy and financial markets.
Yet this event went largely unnoticed by investors and market analysts. You didn’t hear much about it in the media either (most of that group is determined to peddle only doom and gloom).
What happened? Well, the Nasdaq Composite Index went positive for the year.
And as of this writing, the Nasdaq – which tracks more than 2,500 stocks – is up more than 2% since January 1.
It’s not a lot, but it’s pretty impressive in a year …read more

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