A Statistic worth pondering

[fenders53]

(12-13-2021, 09:40 AM)Scooterd Wrote:

(12-13-2021, 09:08 AM)fenders53 Wrote: I am more amazed (perhaps alarmed), by the concentration of wealth creation in a half dozen stocks right now.  I am hopeful it doesn't end in the manner the Nifty 50 did.  Fifty doesn't sound like a bad number right now.  The FAANG+ M etc have sound business models so perhaps the market has time to re-arrange the market cap some over time.

For those Unaware

(*1969-1970 Forgotten Bear)

The implosion of the Nifty Fifty stocks alone wiped out all the gains of the previous seven years.

- Scoot

And it was mostly oil and automakers dominating the top ten. Things change several times in a normal lifetime.