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Professor Jeffrey Wurgler comments on the impact of a stock's addition to a high profile index on its price

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Excerpt from Newsmax -- "On average, a stock being added to the S&P 500 Index gains 9 percent, according to NYU professor of finance Jeffrey Wurgler. That means that, in an overvalued market, stocks that are also in an index are likely to be even more overvalued. It’s where money is passively going, whether it’s a good investment decision or not."

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