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A comment on Ask HN: Why is the stock market so high?. Parent comment

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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