Over the past week you have been conducting security-level analysis in creating your 5 stock portfolios. Today, 1/17, the Dow Jones closed at a record high of 29,348 points. Many investors are predicting/hoping for a 35,000 point Dow by the end of 2020. In contrast, other investors are more bearish. One such investor, Michael Burry, is pessimistic, arguing in the article below that all of the capital that has moved into index fund investing has promoted passive investing which has removed price discovery from the equity markets.
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