How are you deciding outperform ? The market was buoyed by positive reports about Apple and Yahoo. That's fundamentals and nothing else. Admittedly the markets retraced today but again on fundamentals, i.e., housing sales 6 yr low and negative reaction to Apple's iPhone price cut. The 'danger', as you put it, is in the fundamentals and not some notion of too high a level. Also the NASDAQ had not dragged the other indices along with it, as it was up considerably higher percentage wise than the Dow and S&P. Finally remember that there probably have been some readjustment of positions from 'risky' financials facing credit concerns into perceived as safer tech stocks. abc1
Wouldn't read too much into this. Late in the session and having been sold massively. Also, highs in between could easily be read as significant resistance. Either way, tomorrow's another day. abc1