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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