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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: westpacific who wrote (6430)7/30/2001 7:42:01 PM
From: GraceZ  Read Replies (1) of 74559
 
Are you using "averages" to refer to the indices? There is a big difference in an average and an index. What I'm trying to show you is not that the decline has a lot further to go or that it hasn't gotten around to these other issues yet, but that a good many stocks aren't in a decline at all, they are coming out of a previous decline that occurred while the indices were rising.

There's a big difference between those two views. Maybe you need to think about it a while. It might require something of a paradigm shift to catch the significance.

Since everyone is keen of making comparisons between the Nasdaq 2000 and the DOW 1929 maybe someone can tell me what happened to the average stock during the secular Bear we call the Great Depression, not just the DOW.

I did a screen to find out how many stocks are a 100 million or more in market cap. Then I did a screen to see how many of those 100 million companies were up more than 15%.

screen.yahoo.com

I get 1445 which is 39% of the stocks 100 million or bigger are up 15% or more over the last year.
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