These repulsive ETFs take a stock like P&G (PG) , with really good numbers, and take up the whole group because of them even as the whole group has absolutely nothing to do with the turn at PG. The volume gains, the adaptation to new channels, the defeat of private label, these are all specific to P&G. But the group has a run because fee-hungry entities create ETFs and then say that they are best to use to avoid single stock risk.
This is nonsense.
You want single stock reward.
You want to embrace a company that's become more entrepreneurial while still returning a boatload of cash. You want to own shares in a company that keeps taking out costs while it has accelerated growth.
But when this stock's up more than six bucks that can drive a bus load of consumer packaged goods stock even though it makes no sense whatsoever.
Sorry, today's rant...