Bubbles, Bubbles...
"...The Dow’s gain for the year has been led by Goldman Sachs, UnitedHealth Group (UNH), and Caterpillar (CAT), which together account for about 40% of the advance...
Powering the 30 Dow issues in the past month have been the index’s four financial stocks, Goldman Sachs Group (ticker: GS), JPMorgan Chase (JPM) American Express (AXP), and Travelers (TRV). Goldman’s Dow-leading 33% gain since the election has accounted for about a third of the index’s total advance. The Dow’s value is calculated based on the combined prices of all 30 stocks, multiplied by 6.85, giving outsize influence to the highest-priced shares."
http://www.barrons.com/articles/get-ready-for-dow-20-000-1481354784
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