Indexes have morphed from their market-matching beta roots to complex trading- and securities-weighting strategies that are supposed to add excess returns, known as alpha.

FORBES: No Free Lunch from Alternative Indexes

The market is a complex animal, and right now the trends are still strongly bullish with practically all of the indexes posting new record highs.

FORBES: Two Stocks That Should Participate In The Market's Spring Uprising And Sprigthly Bull Run