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Rising inflation and interest rates, I predicted correctly, held back stock advances.
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And Arbed's stock advanced 7.25 euros, or 5.9percentto to 131 euros.
Among his winners was Igen International, a biotechnology company in Gaithersburg, Md. Its stock advanced 83.8percentt in the quarter.
Wall Street applauded the surprising new development, with Control Data's stock advancing $1.75, to $27, at a time the stock market was down sharply.
PalmOne saw its stock advance 10% last week.
The stock advanced 271% last year thanks to an explosion in the demand for zinc from China and India.
Though Microsoft's stock advanced this year, it fell 36% during Ballmer's tenure.
The business of securitizing private student loans proved to be a lucrative one in 2006, and the stock advanced 153%.
So the stock advance since October 2002 may be a bear market rally with the final lows yet ahead.
Stocks advanced sharply.
A wide range of technology stocks advanced.
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