Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (4280)	6/4/2001 6:25:29 PM
From: Ilaine	Read Replies (1) of 74559

I doubt that it's possible to answer your question in a meaningful fashion because the number that Heinz and George are talking about is sort of an artificial construct. Total US market cap is derived by multiplying the total number of shares outstanding for each company times the price of the last trade. Most of the shares don't trade on any given day. If someone decided to trade all the shares of any given company, the price would plummet. That's why I, and some others on the thread, say it's an artificial construct. Backing out of the equation how much of US market cap has to do with foreign investments is possible, in theory, but I've never seen it done.

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