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Specifically, cheap stocks, or value stocks, got pummeled, and expensive stocks, or popularly shorted stocks, rose.
But you can still look around and see expensive stocks, particularly in software, storage and communications equipment.
By this metric, the most expensive stocks are Twitter, which trades at about 33 times its book value, Orbitz (23 times), Netflix (18 times), and Amazon (17 times).
The incongruity of it all can be seen clearly in an analysis of price-to-earnings ratios, a gauge of how expensive stocks are relative to their performance.
But if they are not, market-value indices will tend to overweight expensive stocks and underweight cheap ones.That is where fundamental indices can have an advantage.
THEN A founder of the boutique bank Robertson Stephens, he proclaimed in 1999 that tech companies were the most expensive stocks ever.
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Is it just expensive stock?
That is one expensive stocking stuffer.
Based on its price-to-earning ratio, Lilly was the most expensive stock in the industry before yesterday's ruling.
While the company's shares have risen more than 17 percent this year, that increase has been supported in part by an extensive and expensive stock buyback initiative.
He decided to shoot on black and white reversal, a seldom-used and expensive stock, because its contrasts are especially stark.
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