Bluefield Daily Telegraph, Bluefield, WV

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April 30, 2013

Stocks come and go so beware of indexes

(Continued)

Even many of the stocks that do remain in the indexes do not necessarily come back.  The Dow has come back to its previous peak, but of the 30 stocks in the Dow, 11 (more than 30 percent) are still down an average of 61.2 percent from their levels of 2000.

As for whether blue chip stocks are set to fall or the others are set to catch up, could it be that the Dow is correct and all the others are wrong? Perhaps. However, there is certainly a case for being cautious now. Keep your eyes on the generals. To borrow an old phrase from the bomb squad personnel, “If you see them running, try to keep up.” 

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Nick Massey is a columnist for The Edmond (Okla.) Sun. Contact him at nickmassey.com.

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