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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: limtex who wrote (85988)6/26/2002 5:44:52 AM
From: nsumir81   of 99280
 
lim-Equities are that way. If 3M came with upward guidance, it would propel the DOW and some related components up, and then the "sentiment" would spread to CSCO and some lesser known names like EXTR.

Hence the concept of an index and especially a market-weighted one like the NAZ (where in MSFT alone can be used to move sentiment).

It is nonsense imo. A rising tide lifts all boats and the reverse is true

(unless of course, as the analysts have been doing for the past 2 years, which is saying that the problems initially were company-specific..GTW then NT then...

that is..before the problems spread elsewhere.

Of course, the analysts would never tell you that in advance).
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