my response to the dow new hi is this its been manipulated however the s&p has not conformed the dow makes the news s&p you never hear about its all in the media on the dow at any phase, one must have a view that can only be short long or flat only that does not mean one cant do other things within that view but one has to start with a view on general conditions in simple terms the dow is manipulated into this tourist overbot play anything can be manipulated ask the generals who work for donald rumsfield buzz
this aint manipulatin, big money has been buyin' when retail acct where already either flat or short. check money inflow for the past month and see.
I will have to disagree with you.The last months buying is fools money/public money.They always buy close to the top.The market always looks its best at tops. 21 of the Dow stocks (71%) are 20% off their all-time highs and 17 Dow stocks (57%) are at least 30% below their all-time highs.
This hypothetical strategy is used because the portfolio managers (PMs) choose stocks independently of inflows and outflows. Again, the difference between the actual holding of stock by mutual funds and the benchmark holding of stock shows where real PMs over or underweight certain stocks due to the flows into the funds. you should recognize that PMs often have some skill at picking stocks for the funds, an effect called âsmart money.â However, individualsâ investing behavior forces PMs to pick stocks even if they donât consider them valuable because of the need to invest the new inflow of money.