Remember that 2000-2001 timeframe technology represented 40% of the S&P 500. Such concentration in sector resulted in dramatic selloff.
ETFs can be very misleading in marketing diversification. For example, QQQ could have 50% in top 5 positions before any changes are made.
Yesterday, much of the market rise was due to short covering. Covered the shorts and went long. This move exacerbated the rally.
Claims fell for their 4th straight month - apps dropped by 1,000 t0 301,000.
2011 Flying Heart Cellars Red Wine - $5
13 years ago
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