At some point the divergence ends. Everyone knows this. The traders are thriving off it. Investors in the Naz might end up getting burned. Value is certainly not the way to go right now.
Growth is hot.
Obviously this won't continue forever. Warren Buffett and his value crew are not popular people right now. Eventually those consistent, necessary companies will return to prices they deserve to be at. Right now the selloff in the Dow has been so steep and orderly , that you have to think that money is just leaking out of it. It's like people are taking money out and putting it in the Naz.