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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Chris J. Horne who wrote (12121)2/25/2000 5:30:00 PM
From: marc ultra  Read Replies (1) of 15132
 
I think his model is geared primarily to the S&P and to lesser extent the Dow. Since the Dow added a lot of growth companies and got rid of some deep cyclicals in the last adjustment the Dow has become somewhat more representative. I don't know how long the Wilshire 5000 has been in existence but I doubt it existed e.g. in 1929 so it would not be and index you could really use to backtest a model on though in discussing the market it is appropriate to use it as the broadest major measure of the market. I think this slivering of all remaining stock market money into hot parts of the NASDAQ has potential to be something real ugly.
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