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Pastimes : CNBC -- critique.
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To: scaram(o)uche who wrote (6994)1/8/2001 12:49:25 AM
From: Toby Zidle  Read Replies (1) of 17683
 
Rick, perhaps you will address the difference between ^BTK and ^DRG.

"Teach him what ^BTK is, that it's an average of mostly OPERATIONAL companies, not research boutiques. These companies produce DRUGS, and are therefore relatively recession-strong."

It's my impression that the big OPERATIONAL companies are in the ^DRG, e.g., MRK, LLY, JNJ, PFE, etc. I thought the ^BTK stocks are the RESEARCH-heavy group, e.g., SEPR et al. AMGN is the only company that the two indices have in common.

Toby
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