Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Autumn Henry who wrote (79381)	2/26/2000 4:32:00 PM
From: Kevin McKenzie	Read Replies (4) of 108040

I think "the new economy" label is the financial analysts' attempt to reconcile the performance of DOW (down 17% from its all time high and 10% YTD) with the performance of the NAZ (up 15% YTD and essentially at its all time high). It seems to me the DOW simply no longer reflects the state of the economy or the market. I wonder why the DOW numbers are still reported so religiously by the media? I suppose it gives us some historical perspective that the other markets don't. We can't compare the Nasdaq of today with the Nasdaq of the '29 crash, etc.

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