dunno about that, but I trust you 😂
What I meant: Just because „the rest of the S&P“ isn‘t baught with both hands doesn‘t mean that the current upmove is invalid or a sign of a late bull. It was even 40, 50, 60 years ago the case that the index is bombed higher just because of a few stocks. Maybe back then it were 15 or 20, now it is 7, ok, granted.
Pretty sure IBM went up BEFORE Black & Decker in 1982. But back then Grantham et. al said „no bull, B&D isn‘t baught“.
Oh and regarding Campbell Soup: In 1982 you could have baught it at 2, now trading at 52, if you adjust for dividends you baught it for 52 CENTS, that‘s a 100 bagger.
Oh and just another thing: Remember in 2002/03 when EVERYONE ON EARTH definitely KNEW FOR A FACT that Nasdaq would go back to its 1994/95 breakout level? It never happened…