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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (12101)9/5/2001 11:58:22 AM
From: JRI  Read Replies (2) of 209892
 
Great point.....Dude on CNBC saying only 48% of stock on NYSE is common stock, the rest preferred and bond/related instruments.....so the bulls who have been citing good breath on NYSE for the past many months...well, if you back out that 52% non-common stock good breath (which would stand to follow, given lower rates in last many months)....the breath numbers on common stock NYSE look very mediocre, and destroy that bull argument..
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