Small-Caps Keep Chugging, Thanks to Wellspring of Financing

Rhyme & Reason

SAN FRANCISCO -- Small is beautiful. Good things come in small packages. It's not the size of the wave, but the motion in the ocean.

All the cliches about stocks great and small are currently applicable to Wall Street, where the Lilliputians continue to rule. While blue-chips slumped and the Nasdaq sputtered today, the Russell 2000 rolled merrily along to yet another record close.

The action continues to astound market players, even those who are participating in what -- to some -- is surefire evidence of speculative, excessive and maniacal activity. ...