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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: oilbabe who wrote (78500)12/7/1999 3:19:00 PM
From: KeepItSimple  Read Replies (1) of 86076
 
>it was added to make the market go up, silly.

Amazing timing on the part of the S&P advisory committee. They did it right after the market closed- a day in which yahoo was down 13 points, its largest decline in 4 months. Yahoo was dragging down the rest of the internuts too- ebay and the like were down 8 or 9 points.

Sure, Yahoo only has 100 million shares and as such has no business in the S&P 500. It also has less than 100 million in annual income, of which 75-80% is interest earned on the 780 million in cash raised through a secondary offering.
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