The Revenge of Valuation

Much is being made of the "stealth" bear market this year; while the S&P 500 notches new highs, the small-cap names are mostly getting decimated. A Bloomberg article recently noted that more than 40% of the Russell 2000 components are down 20% or more off the 52-week highs, while the same is true for 47% of the Nasdaq Composite.

In fact, the news is even worse than the typical characterization. I checked the Russell 2000 myself, as I am wont to do, and indeed found that 45% of the names are down over 20%.  What is worse is that 99% are down, period. Only about 30 are at or near their 52-week highs....225 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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