New Highs Are Soaring: Should You Be Worried?
In the first six trading days of 2013, new highs have rocketed higher as new lows dwindled to next to nothing. So far this year, combined new highs -- the Nasdaq plus the NYSE -- are 683, 405, 257, 276, 263 and on Wednesday, 384. New lows combined are 14, 13, 5, 8, 10 and on Wednesday, 8. Should investors be worried about a market peak? Not necessarily. Research for an Investor's Corner article in October 2009 showed that while a big number of new
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