Will The Little Guys Make It Big In 1991?

It's a springtime event that, most years, is about as predictable as the swallows returning to Capistrano. Secondary stocks, the market's vast horde of small and midsize companies, tend to move smartly early in the year, only to fizzle out thereafter. Sure enough, the Russell 2000 index of secondary stocks has gained some 34% so far this year -- far outpacing the 15% gain in the Standard & Poor's 500-stock index (chart). So owners of small-cap portfolios may be wondering if a second-half retreat is in the offing.

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