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Strategies & Market Trends : The Stock Market Bubble

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To: Moominoid who wrote (897)7/30/1998 9:26:00 AM
From: Les H  Read Replies (1) of 3339
 
On Topic:

Wall Street Journal has article on bear market thus far. Average
stock is down more from 52-week highs than in 1994 or anytime in last
5 years. MSFT, LU, GE, WMT, and PFE account for a quarter of the S&P
500's gains for the year.

Average NYSE stock is 24% off the 52-week highs. Average Nasdaq stock
is 33% off. 30% of NYSE stocks and 51% of Nasdaq stocks are off at
least 30%.

Breakdown of NYSE stocks by market cap and how far off of 52-week
high:

less than 250M -43.3%
250M - 2B -25.4%
2B - 5B -19.8%
5B - 20B -16.3%
more than 20B -11.7%
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