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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Tim Bagwell who wrote (2039)11/9/1997 11:00:00 PM
From: mister topes  Read Replies (2) of 42834
 
You appear to have misinterpreted Brinker's clearly stated market
view on Moneytalk this weekend. He specifically said the S & P 500
Index represents 70% of the U S market as opposed to only 20% for
the Dow. Therefore he maintains the S & P is the true barometer
for defining any market decline. The recent setback came to
10.8% from the 983 high to the 877 closing low which he said
was well within a decline of up to approximately 10%. Sounds
more like a direct hit on the target than anything else. We can
all refer to the Dow as much as we like but it still represents
only a small fraction of the overall market while the S & P
500 makes up the vast majority of the market. Using the S & P
for key reference points makes alot of sense to me.
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