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Politics : Ask Michael Burke

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To: Mama Bear who wrote (45905)2/5/1999 6:54:00 PM
From: Greg Jung  Read Replies (2) of 132070
 
<the Dow didn't go up as much> remember it didn't decline very much, either, in the fall relative to tech. While banks were hurt and others had their dips, IBM chugged along higher and higher. Now its IBM down and most of the rest holding their own. Some buyback capabilities there also may be at work in propping price at critical junctures.

Funny how on days like today the market is always decsribed as the percentage from its highs rather than the ridiculous percentage from recent low points, or for that matter above any value for reasonable expectations. Higher new highs is assumed to be an inevitable occurence.

Greg
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