Ask HN: Why is the stock market so high?

Re:Ask HN: Why is the stock market so high? by ptype on Thursday March 02, 2017 @02:33PM (#13777405)

Surely this is (ignoring transaction costs) reflected in the index performance already. If you sell and buy at the time (and price) of the index you will match the performance. This is not unique to DJIA by the way.

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Re:Ask HN: Why is the stock market so high? by brudgers on Thursday March 02, 2017 @05:51PM (#13779069)

There are indexes that can be matched. DJIA is not one of them.

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Re:Ask HN: Why is the stock market so high? by ptype on Friday March 03, 2017 @02:30AM (#13781305)

If that is the case, how do you explain that there are ETFs tracking the index? E.g. http://www.etf.com/DIA

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Re:Ask HN: Why is the stock market so high? by brudgers on Friday March 03, 2017 @02:13PM (#13785358)

They suffer a loss when a more expensive stock replaces a less expensive stock. Portfolios have risks, indexes don't.

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