FYI: Throughout the summer, various cartoon characters throughout the financial media have been relentlessly pointing out some divergences in the stock market between internals and price.
The S&P 500’s price has been doing just fine, hanging around just below all-time highs hit during the winter and then finally bursting through, accompanied by a new record high for the Dow Jones yesterday.
But beneath the surface, some stocks had been doing better than most of the other stocks. To which poorly-trained or ill-informed commentators attached a ton of importance, despite the obvious fact that every single bull market throughout history has had leadership stocks that separated themselves from the pack and that this represents a totally normal Pareto–esque condition.
Regards,
Ted
http://thereformedbroker.com/2018/09/21/sometimes-it-would-be-better-to-just-say-nothing/
