Captain Kirk and all: Subject to amendment and difficult to quantify,
my view is that this thread does not offer sufficient basis or bases
as a contrary indicator. Indeed, as a platform resonant to Brinker's
own voice, this forum sometimes heralds trends of significance to
investors in the markets. Moreover, selective opportunities for
profit, outside of the core Brinker protocol, arise here from time
to time, especially, for the careful reader. Such was the case in the
past when a superbly timed occasion to short frothy Coca-Cola
Corp. stock was identified at this forum, pursuant to Bob Brinker's
bearish ruminations per that issue. The perspicacious reader may
also have hearkened to members' missives(#4233, et. al.) posted
on St. Patrick's Day last, which missives suggested sanguine pro-
spects for electric utilities given declining interest rates, lower fos-
sil fuel costs, and, per Brinker, "deregulation already factored in."
Following, on 18 March 1998, there is:
Reply #4258
Pursuant to the discussion on utilities....
On Friday 13 March 1998, the DJIA closed at 8602, the S&P
500 at 1068, and the DJ Utility average at 275. As of this writing,
the DJIA stands at 8735, the S&P 500 at 1081, the DJ Utilities
at 280. By these measures, the DJIA is up 1.55%; the S&P 500
up 1.22%; the DJ Utilities up 1.82%
If the pertinent closing numbers are used from Friday 6 March
1998 and compared to present, it can demonstrated that the DJIA
has increased 1.94%. Meanwhile, the S&P 500 is up 2.37%, and
the DJ Utilities up 2.56% from said date.
In sum, the DJ Utility Average has been outperforming both the
DJIA and S&P 500 average since 6 March 1998 and continues to
outperform these indices for this week, as well, as of this writing
(18 March 1998). Certain it is that these numbers are not escaping
Brinker's attention.
End of reply #4258
Interestingly, the outperformance of the DJ Utility Average vis a
vis the DJIA and the S&P 500 continues apace. As of 3 June 1998,
the DJIA stands at 8804.30; the S&P 500 at 1082.73; the DJ Utilities
at 290.52. On 6 March 1998, the following valuations applied-- DJIA
(8570.88), S&P500 (1056), and the DJU (273.24). Therefore, it can
be demonstrated that, since 6 March 1998(the date of note), the DJIA
and the S&P 500 have posted modest increases of 2.72% and and 2.53%,
respectively, whilst the less glamorous DJ Utilities recorded a meaty
6.32% advance within said time frame just shy of three months.
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