A few months ago the NASDAQ Composite Index (Nasdaq:ONEQ) eclipsed 5,000 for the first time since March 2000. Put another way, we are all 15 years older since the NASDAQ’s first dance with all-time highs, but are we smarter? What did we learn from the first meltdown that can help us cope with future meltdowns?
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Never mind what the cute marketing brochures or what nouveau indexers say. The trumped-up allegations that beta is somehow “smart” or “better” is a grand ole fairytale.
(Audio) Listen to Ron DeLegge @ The Index Investing Show
While “smart beta” types (formerly referred to as fundamental indexers) are pumping up their equity concoctions (NYSEARCA:PRF),
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