...as I've indicated before on this thread, the US market indices are no longer synonymous with the market as a whole - a few moat overweighted companies have distorted the entire picture and true health of the company universe.
...a lot of zombie companies very much under the water even as indices continue making new highs. And people think that when indices go higher, they would be safe to pick bombed-out and still underperforming stocks that could be their turn to perform.
...I am a believer that if the market has not done what you think the market should be doing and its been like that for awhile now, that the market isn't myopic, perhaps its just you being hopeful.
...market always favour stocks with future growth potential in favoured sectors, that are not bogged down by macro headwinds. So if your stock has a growth problem and in a sector facing headwinds, it won't get the love despite being cheap and when the overall market tanks, it would tank even more.
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We've never seen the S&P 500 at all time highs with breadth this negative.
