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Strategies & Market Trends : NetCurrents NTCS
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To: Patrick Slevin who wrote (597)10/12/2000 11:41:19 PM
From: Teresa Lo  Read Replies (1) of 8925
 
"...The SPX being Cap-Weighted I think is affected less by the changes..."

Yes, but the fact that they keep taking out the ones that are no longer amongst the 500 largest market capitalization stocks makes this a momentum play all in itself, and the sales pitch that "the market" always goes up in the long run is all based on this...and that's what misleading about the graphs. It bugs me to no end.

T.
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