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Technology Stocks : All About Sun Microsystems

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To: nihil who wrote (28333)2/27/2000 9:14:00 PM
From: QwikSand   of 64865
 
You can't even count. NYSE is where most of our nation's investors die. Less and less wealth on the NYSE everyday.

The current market cap of the Nasdaq Composite is $5.8 trillion out of a total listed U.S. stock market cap (that is, excluding fixed income, commodities, real estate etc.) of $14.2 trillion. This is according to a piece run on theStreet.com today by Jim Griffin at

thestreet.com

which it takes a subscription to see.

If NYSE is where "most of our nation's corporate wealth lives", it's no longer by much. Still, it may well be so by a nose, I couldn't quickly run down the total NYSE cap. Subtract out the AMEX, and NYSE and NAZ are probably in the same ballpark with the NYSE a little larger.

Kevin's assertion may be off, but it was certainly true for most of American history, and even now doesn't justify a snide and patronizing response. There are a lot of conservative elderly investors whose wealth is all in the NYSE.

--QS
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