"Everyone owns the same stuff." The problem wasn't just the S&P 500 or blue chips. I checked several broad indexes besides the S&P. They were all down by roughly the same amount. The main group that's done fairly well in February were stocks like utilities that were already beaten down.
My new favorite is the ^rcmp index of the NASDAQ's lowest tier (NASDAQ-CM)...mostly obscure junk similar to otcbb/pink. It's something of a surrogate for Pennyland.
It was off, about the same as the other averages. Doubt this drop can be blamed on Indexing. But it's VERY early.
______________________________________________________________ Because the Good Life is Just a Pump or Two Away
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