Friday, August 22nd. - Stock Trends, Charts, and Commentary (***If you see last week's Wednesday Update: Click Here)
Inequality among Indexes?
If you listened to the media yesterday, you may have been excited to hear that the S&P 500 made an all time high.
You have to wonder ...
If at the same time, the NYA Index, and the Institutional Index were below their all time highs, while the IWM (Russell 2000) was below its most recent high, below its April 4th. high, and below its December 31st. high with a P/E Ratio that was 78.20 last week.
You have to wonder ... how come that wasn't newsworthy? (See today's chart below.)
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