Retail investors lowered their exposure to U.S. stocks in November with banks and airlines leading the way, even though the indexes moved higher, according to a TD Ameritrade survey.
Jeff Bewkes described the deal as a means of making all of his company's networks, and eventually all of television, more like HBO. And AT&T's head made a similar argument.
The Blue Chips are up 5% since the election but new highs may be harder to conquer.
It seems as though the market is programmed to buy news that is supposed to be negative.