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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: ItsAllCyclical who wrote (56236)4/25/2002 9:02:12 AM
From: ChrisJP  Read Replies (1) of 99280
 
Hi Jim,

The S&P 500 is down 27% from its peak. I consider that a correction.

The other thing to keep in mind about the S&P 500 is that they conveniently substitute winners for losers on an ongoing basis. I'll bet if you re-did the index based on the stocks that were in it in 1999/2000, you get a different number than 1100.

The DOW ...... doesn't mean anything.

Chris
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