….being bought/sold simply based on the index they are in and not the merits of the individual companies or even SECTORS for that matter?  I could understand why the NASD would trade relatively independent of the DJIA and S&P, but 30 stocks in the DJIA being impervious to the S&P’s ‘500’?  Has market index ‘breadth’ ever been narrower?  Further reason why active money management is dying and the irrelevance of individual investor sentiment.   Fake markets & fake price discovery in clown world.