Re: According to Dow Theory - Bear Market
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For some stocks in indices to outperform, others must underperform.
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Not true at all, as has been proven it is not a zero sum market. All the stocks in an indice can outperform compared to something else.
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I meant of course to outperform the said indices. In short, indices may not tell you how everyone did, but they are very good measures of how the average investor (dollar-weighted, of course) did.
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