I'm Rob Isbits. I'm the Seeking Out of the Contributor and you can find my work under the profile name Modern Income Investor.

Today I'm joined by my friend and fellow investment

industry and ETF industry veteran Matthew Tuttle who is now also a

seeking alpha contributor and in this, we are going to span the globe.

We're going to look at what's real in today's markets

and what is mythology, especially in today's markets. And we can talk about what the reason is for that but the

NASDAQ and the Dow which for a long time much of history or at least moving somewhat in sync with each other even if one was moving a little higher

the other, they've completely divorced from each other. So what does this mean for the current market environment?

Not a whole heck of a lot and here's why.

To me, the Nasdak, the Dow, the S&P, probably the Russell, are just stupid indexes the way they're constructed.

So right now if you look at, you know at the NASDAQ, you know, how much of that is in seven stocks?

I think it's, I mean NASDAQ 100, I think it's like, Nasdaq 100 I think it's like you know almost half now maybe even more than that you look at the dow how much is you

and age because that's the highest price stock.

So they're just not real good representations,

except from the standpoint of,

we know the Magnificent Seven stocks have been doing really, really well and nothing else has been.

What that also tells us is that probably can't keep going on forever.

But what I would want to guard against,

and I play around on Twitter, I think a lot more than you do.

I think there are a massive amount of permabares who made a lot of money last year and have just gotten

crushed this year because they're looking at this and saying,

oh, these stocks keep going up, keep going up, I'm going to short them, I'm going to short them, and

...