When the market rallies, the Nasdaq should be leading the SP500, and the SP500 should be leading the Dow.
That's not what's happening today.
When the Dow leads it could mean that investors are selling risk (tech and NDX), and buying large companies that have a lower beta and that pay dividends.
Just a thought. It's not gospel.
Friday, January 21, 2011
Dow Leads While NASDAQ Bleeds $$
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