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To: Giordano Bruno who wrote (64009)9/24/1999 8:33:00 AM
From: clochard  Respond to of 86076
 
NEW YORK, Sept 23 (Reuters) - Standard & Poor's said Thursday Adaptec Inc. (Nasdaq:ADPT - news) would replace Fruit of the Loom Ltd. (NYSE:FTL - news) in the S&P 500 Index after the close of trading on Sept. 30, 1999.

They don't want stocks that go DOWN to mar the luster of their index.
The index always trends up because of survivor's bias.