101.   Trading volume was sluggish and there were relatively small changes on the plus side in the major market averages.

102.   Two major market averages rose to new highs even as investors took profits in bellwether technology and Internet issues.

103.   Vinik resigned in late May with his fund badly trailing the market averages.

104.   Will active managers ever again be able to beat the market averages?

105.   With the election settled and the Federal Reserve cutting rates, the market averages were climbing.

106.   You have to wonder now that the broad market averages have once again outperformed the vast majority of equity funds for the second quarter.

107.   Overseas, major market averages are uniformly higher.

108.   All the market averages have retreated of late from the new highs they reached earlier in the spring.

109.   And overseas market averages have been lower across the board.

110.   But foreign market averages have added to earlier declines.