Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 19, 2021.
Brendan McDermid | Reuters
The market, regardless of which index we use – S&P 500, Dow or Nasdaq – keeps climbing and making new highs. With that type of trajectory, we might assume that there are no bargains around. True? No – that’s false.
While it might seem logical to believe that every stock has participated in the relentless march upward, it’s worth noting the action under the covers. As of Nov. 9, over 16%, or 82, of the stocks in the S&P, are at least 15% below the high they achieved in the first ten months of 2021. Fifty-three stocks, or over 10% of the entire index are 20%…