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Michael Batnick
@michaelbatnick
Long-distance reader
1.5K Following    207.8K Followers
One of the main reasons so many breadth indicators are off the charts is because the concentration in the index is like nothing we've ever experienced. The top 5 stocks in the S&P 500 are equal to the bottom 434. (67-500)
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One of the craziest stats in financial history: Berkshire could fall 99% and still match the growth of $1 of the S&P 500 since 1965. H/t @MebFaber