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Technology Stocks : JDS Uniphase (JDSU)

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To: Tunica Albuginea who wrote (10500)5/25/2000 11:46:00 PM
From: James F. Hopkins  Read Replies (2) of 24042
 
BEAR markets are sneaky..as every most people are hung upwatching the DOW or S&P or Nasdaq..the latter two are cap weighted and the best runners float to the top so that
their percentage increases as the dogs percentages in the
index drop off as they sink..it mitigates what is really
going on as for the DOW it just tosses out dogs and brings in heavy hitters ( or they try to )

BUT LOOK at this
quote.yahoo.com^VLIC&d=2ym

That's the value line index ( it's not weighted and is broad
index of 1500 the best stocks..) and it tells you more
about what the market is really doing.


Look at it good..the bear started back in 98, the
cap weighted indexes depend on to few stocks at the top
of the heap to get their numbers..hence they can lie
about market conditions for a long time and get away with
fooling most of the people..
Jim
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