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Market quake looms as growth stocks drive index gains
Wright and his statisticians warn that 30 key growth stocks powered most of the rise in the S&P 500 and Dow averages from 1971 to 1972, while the rest of the market barely gained. They caution investors about overpricing and a potential end to the rally as funds shift and elevator cables break.
MENTIONED IN THIS ARTICLE
Wright
Standard & Poor
Washington
National Research Council
NRC
America