” Finally, investors should not make too much of the recent rally in the Dow Jones industrial average.
The Dow is up about 8 percent since mid-July and seems poised to break its all-time closing high set in 2000.
But while the Dow index has performed well of late, the Russell 2000 index – the most-watched index of small-cap stocks – has dropped more than 10 percent since May.
In other words, the rally is narrow, not broad-based, and that’s typically not a good thing. “
