Markets Are Always Different This Time
A friend was cleaning out one of his rental properties and came across the business section in an old newspaper from 1960:
The chart shows the make-up of the S&P 500 by sector at the time:
425 industrials
25 rail companies
50 utilities
Things look just a tad different today.
This is what the S&P 500 company breakdown looks like now:
Industrials 83
Financials 76
Information Technology 75
Health Care 60
Consumer...
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