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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.00400+185.7%Dec 5 9:30 AM EST
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To: David Lawrence who wrote (16842)7/30/1998 10:08:00 AM
From: Moonray   of 22053
 
How bad is bad? Interesting facts from a djane story on the current state
of the stock market at #reply-5357912

As of Tuesday night, the average New York Stock Exchange stock was
down 24.3% from its 52-week high. That's the biggest such decline since
1990, the last official bear market, according to equity strategists at
Salomon Smith Barney. (A bear market is typically defined as a 20% or
greater decline in the Dow Jones Industrials.) More stocks have been
making new lows than new highs most days since late May.

On the Nasdaq Stock Market, the average stock has declined an even
more dramatic 35%. Indeed, fully 30% of Big Board stocks and 51% of
Nasdaq stocks are down 30% or more from their 52-week highs.

o~~~ O
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