Markets Are Always Different This Time

A friend was cleaning out one of his rental properties and came across the business section in an old newspaper from 1960: The chart shows the make-up of the S&P 500 by sector at the time: 425 industrials 25 rail companies 50 utilities Things look just a tad different today. This is what the S&P 500 company breakdown looks like now: Industrials 83 Financials 76 Information Technology 75 Health Care 60 Consumer...