Money is over valued? Or maybe you think the Stock over valued, there is two sides to a coin, always needs to have a buyer and a seller or you have "Extreme" Spreads, usually to the down side Hard.
I guarantee there is volume on the Stock or Exchange your watching, So there is two different opinions, right? Not always, could just be profit takers that are tier trading around core positions and still probably using options as leverage to buy at yet even better prices.
We are in what is described as a melt up, and as I can see it is real. There is quite a # of advisers saying 4 more of -45- and we see 40K on the Dow, I'm thinking that # might be doable, or close.
Not all stocks agree to allow the options market to manipulate their share price when they IPO, there is no mandatory options access required, but most do.
The Dow is adjusted every year, it is re set and the 30 highest valued Companies/Corporations with public held shares in the Dow make up the Dow 30. So, yes, It is a very misleading figure as it only represents the average of the 30 highest valued stocks in the Dow.
The Advanced, Decline line is much better of an indicator, but they don't show it on television anymore, a lot of the old school charts and indicators are not shown or discussed anymore.
Try a share or two of this, Warren Buffet's first "BHI" share offering "A" Not sure if there are any open shares, means you can't buy one! I would not doubt it if you can not buy any Options! You can't short it...
Berkshire Hathaway Inc. (BRK-A)
NYSE - NYSE Delayed Price. Currency in USD
2W10W9M
$340,706.00 -2,149.00 (-0.63%)
At close: 4:05PM EST That's Down $2,149.00 Today, it was 180K/190K in 2008 I think.