While all eyes have been focused on the incessant rise in the price-weighted farce known as The Dow Jones Industrial Average, a funny thing happened in the ‘real’ market…
The S&P 500 went nowhere… 2474, 2473, 2473, 2470, 2477, 2478, 2475, 2472, 2470, 2476, 2478, 2472, 2477…
How unusual is this? Simple – it’s never, ever (in 90 years of S&P history) happened before…