Sunday, July 31, 2016

Friday new highs extreme with an S&P 500 PE of 25.03

But the Nasdaq exchange didn't exhibit the same behavior.  So I am thinking a bunch of money managers were afraid of missing out on a rally they now expect to happen.

New 52 week lows for the Nasdaq are scraping along the bottom.  There was a slight green shoot of new lows on the NYSE.

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