Ramsey,
I was just thinking of something. Last week I calculated that the market cap of the DOT.X was about the same size of the 13 smaller
DOW stocks. I just checked and 10 of those 13 stocks are up.
The importance of it is that a 1 point move in UK effects the DOW
the same as a 1 point move in GE, even though GE is about 48 times larger than UK.
Here are the 15 smallest DOW stocks as of last week:
AA,ALD,AXP,BA,CAT,CHV,DIS,ED,GM,GT,IP,JPM,MMM,UK,UTX
The conversion factor to compare the DOT.X to the DOW is about 17:1.
When the DOW was up 100 the DOT.X was down about 10(170 DOW points).
Interesting correlation between the DOT.X and the 13 smallest DOW stocks. im not putting too much into it, just making an observation.
seeya |
