Highlights
- Market conditions continue to diverge, with leadership itself getting more and more narrow.
- Whether or not this is a bubble is not relevant today. What is relevant is that whatever it is, it is still ongoing, so stay invested in leading stocks.
- In 1999, several distinguished value tilted investors either quit (Julian Robertson, unwittingly 2 weeks after the NDX peaked in March '00), were "retired" (George Vanderheiden. . .
