OK. Alright. Back to normal. I was looking online for the media explanation for today's rally. I won't bore you with their explanations. Nothing false about the signal from the beta bulls however. High Beta Low VMO, PMO and Market Cap portfolios all outperformed. PMO by 203 bps and beta by 288 bps. The latter means that the 50 highest beta names in the SP500 outperformed the 50 lowest by almost three percent. Bigger winners were MBIA, Radio Shack (on the news they will carry the iPhone??(yawn) and Sprint on big layoff news. The stock market sure does like itself some higher productivity don't it?
No comments:
Post a Comment