I find this interesting....
no further comment from me necessary as to why
+Ron McKinnon (16878 )
From: +Ron McKinnon
Saturday, Oct 24 1998 8:15AM ET
Reply # of 16900
a little exercise
got to thinking
looked at Last Shadows post
Mr Doe's fake portfolio
my own results
the market
so---
took many of the stocks that I have on my sector grid
looked at the performance from the 10/8 low to Fridays close
tried to remember all the various reasons that the "Talking Heads" gave for falling stock
prices
bottom line:
the DOW IS NOT REFLECTIVE OF THE MARKET
being in cash during the massive fall and jumping back in at the low would have given 3
years worth of average returns in 12 trading days
the stocks/sectors that were beat up the worst gave the highest gains
a table is on my next post
might be worth printing out
keeping for future reference
something to ponder over
----
To: +Ron McKinnon (16878 )
From: +Ron McKinnon
Saturday, Oct 24 1998 8:19AM ET
Reply # of 16900
% RETURNS ARE FROM THE LOW ON 10/8 TO THE CLOSE ON 10/23
%
DJIA 13 7467-8452
HIGH TECH
recession, asian flu, over capicity
CPU 48
LU 45
CSCO 43
DELL 43
CPQ 26
ASND 25
IBM 21
MSFT 21
INTC 15
average 32
FINANCIALS
recession, international issues, interest rates
COF 86
PVN 74
KRB 46
BKB 38
CIT 37
FNM 32
JPM 29
FLT 27
average 46
LUXURY-TRAVEL
recession. stock market losses, asian flu
AVI 74
FS 64
CCL 56
RCL 48
HRZ 34
TIF 26
GUC 10
average 45
AIRLINES
recession, asian flu, corporate cut backs
AWA 43
LUV 35
AMR 33
ALK 28
DAL 20
average 32
OIL SERVICE
supply demand inbalance
TMAR 70
FLC 53
TDW 53
FGII 50
UTI 50
RIG 46
GLM 42
average 52
DRUGS
no significant issues
WLA 27
BMY 23
PFE 20
JNJ 15
LLY 14
MRK 7
average 18
NETS
general volitility, lack of earnings
SEEK 54
NSCP 46
AMZN 45
AOL 39
YHOO 25
XCIT 21
average 38
RETAIL
recession, no Virginia, there will not be a Christmas this year
HD 35
KM 35
TJX 31
WMT 28
FD 26
GPS 25
S 14
average 28
CHIPS, MEMORY, HARD DRIVES
yuk,yuk,yuk, every issue mentioned above
IRF 108
RDRT 61
VLSI 60
MU 49
NSM 41
QNTM 36
LSI 24
SEG 21
WDC 19
average 47
CASINOS
recession, over capicity, asian flu
CIR 52
HET 34
MGG 18
MIR 18
average 31
OVERALL AVERAGE 37%
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