Another Chart Above Its 2007 Highs

From Chart of the Day:

They note that the Russell 2000 which is a small cap stock index rallied from late 2002 into the mid-2007 and then effectively gave all of that back during the financial crisis.  The index  recovered all its losses from that bear market in a little over two years.   So far in 2012, the Russell 2000 has broken above resistance (red line) and made a new record high.  The Russell joins other indices such as the Nasdaq 100 {QQQ} in now having broken above its 2007 highs.

*Long ETFs related to the Nasdaq 100 in both client and personal accounts.  Long ETFs related to the Russell 2000 in certain client accounts.