That's been going on. Look at what the Russell has done in the last month.I THINK WE HAVE TO BE OPEN TO THE CONCEPT THAT THE MARKET MAY BE IN THE PROCESS OF SHIFTING FROM WINNERS TO LOSERS.-
This has been attempted by Mr Market about two other times and both times reflexively investors piled back into the top 8 stocks.
Is this time different?
I'm usually very skeptical greedy Mfer's are greedy MFer's but this time does feel different to me--
I like to watch the $SPXEW --- the equal weight S&P 500---- it levels the playing field, ie it doesn't use market-cap weighting like the regular SPX does.
And if you look, SPXEW is actually green today, while the SPX is slightly red.