Lisa, re:"cant believe this market rally..."
Worry not, it'll fade deeply into close as weekend worries take hold.
Also, regarding your internet index puts: for now, a game is being played with less liquid issues. You've probably noticed that AOL YHOO (et al) are down nicely, yet indices are resilient. Take a look at NETA and notice an inverse relationship; that is, NETA expands and contracts inversely to the market, AND particularly to internet stocks. (Now, a natural movement would be for NETA to rally hard on +mo, fade slightly on -mo -- not the case today.) This example is specific to GIN, and may not apply to IIX -- but you can see how a 30-something dollar stock (with 17-18% weight) can wag an index.
For grins, GIN is a Goldman Sachs index... hmmm. |
