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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Gary H who wrote (17097)2/2/2003 7:36:54 AM
From: sea_urchin  Read Replies (2) of 82035
 
Gary >I read somewhere that they have taken weak stocks out of the dow and replaced them with stronger ones.

I mention the Dow as a proxy for the whole US market. In fact, Alan raised the point about the replacing of weak stocks with strong ones. However, if you look at this relative strength chart you will see that the Dow is the weakest of the three major indices (of course, only at this point in time).

finance.yahoo.com^DJI&d=c&k=c1&c=^gspc,^ixic&a=v&p=s&t=6m&l=on&z=m&q=l

The chart shows that the Dow is down by about 9% in the past six months, S&P by about 7% and that the Naz is flat. Hardly major falls which one would expect from a collapsing economy.
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