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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: 1-DAY-TRADER who wrote (34305)5/3/1999 4:19:00 PM
From: Kevin Podsiadlik  Read Replies (1) of 122087
 
dow 11,000 = take profits = encouraging feds to raise interest rates ..look out nasdaq stocks and inflated prices

That would be ironic, given what the driving force behind this 1000 was: IP, MMM, BA, GT, UK, ALD... friggin' SEARS of all stocks was the biggest force behind the drive to today's milestone.

Not that this may be entirely wrong. Traditionally the Dow has been roughly 5 times the Nasdaq. Somewhere along the way to 10000 the ratio slipped to 4:1. Now we're swinging back towards 5:1 again.
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