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Share price divergence is what results when central banks buy only index futures

Section: Daily Dispatches

Record S&P 500 Masks 47% of Nasdaq Mired in Bear Market

By Lu Wang and Joseph Ciolli
Bloomberg News
Monday, September 15, 2014

NEW YORK -- Beneath the U.S. stock market's record-setting gains, trouble is stirring.

About 47 percent of stocks in the Nasdaq Composite Index are down at least 20 percent from their peak in the last 12 months while more than 40 percent have fallen that much in the Russell 2000 Index and the Bloomberg IPO Index. That contrasts with the Standard & Poor's 500 Index (SPX), which has closed at new highs 33 times in 2014 and where less than 6 percent of companies are in bear markets, data compiled by Bloomberg show. ...

... For the remainder of the report:

http://www.bloomberg.com/news/2014-09-14/record-s-p-500-masks-47-of-nasd...



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