Diversification: Dow 30 and the Others

It was another tough day for the market, with broad based declines in every direction.   On the diversification front, it was another day in which the Dow Jones Industrial Average lost less than the many broader indexes like the S&P 500 and Russell 2000.

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Diversification is intended to reduce loss in exactly the kind of market we’re experiencing.  So what’s going on?

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