A hedge fund manager friend had mentioned a research report that had noted the Dow, FTSE and Nikkei were at neither all time nor 2013 highs.
Those there indices sounded like it a bit of cherry picking to me. So rather than succumb to the usual confirmation bias, I decided to see what major indexes were or were not actually making 2013 and all time highs
These are the results:
|Index||All Time highs?||2013 highs?|
|S&P 400 Mid Caps||Yes||Yes|
|S&P 600 Small Caps||Yes||Yes|
Source: Ritholtz Wealth Management