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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (5307)4/15/1999 6:24:00 PM
From: Gary Sanders   of 81118
 
From stocksite.com :

Russell not rosy... Regarding Internet stocks, there's something I need to clarify based on several e-mails I've received. The reason the Russell's been doing better is not because the broad list is doing so much better. It's because some of the new Internet stocks that are in the Russell have allowed it to do better. According to the information from Don Hayes, if you take the Internet stocks out of the Russell 2000, the average stock's down 37 percent from the April top. (And speaking of last April, we had a big surge and the new highs peaked out this day, April 15, 1998, and that was really the high of the broad market.)

So the Internet names have distorted the Russell and it will probably turn out to be a big head fake, part of the final hurrah of blowing off the Internet stocks to the moon
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