S&P500 record close today. Beating the indexes is especially hard the last couple of years and John Bogle followers believe they are proving that passive index investing cannot be beat. But the truth be told, many of us design models which consistently beat passive indexes, including this year, even when considering the equities have been so heavily subsidized by the Fed and Treasury for at least the last 5 years.
IBM got a large dose of stock buy back today as it continues to teeter near critical price areas. It remains number #1 in the risk ranking out of the Q8.
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