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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Lars who wrote (5803)6/12/1999 6:59:00 PM
From: Ian@SI  Read Replies (1) of 15132
 
Interesting Technical observation by Andy Bary in Barron's.

But lately, the new lows list has been littered with closed-end municipal-bond funds and various forms of preferred stock. The declines in these issues are a direct result of a weak debt market. On Thursday, for instance, over 80% of the 113 new Big Board lows were bond-like issues. Perhaps technicians should throw out these bonds in drag when analyzing the ratio of new highs to new lows.



Whole story at:
interactive.wsj.com
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