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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (71384)	12/3/1999 11:37:00 AM
From: Thomas M.	Respond to of 132070

From Don Hays: "We are seeing the Russell 2000 tagging along. . .some. Yesterday, David Henry of USA Today featured an article showing the action of the smaller stocks in the Russell 2000. This study with Salomon Smith Barney's name attached showed that of all those 2000 "smaller" stocks, the stocks that had no earnings had appreciated 7.1% year to date. The stocks with earnings were still down for the year by 6.0%. The same phenomena was apparent for the Russell 1000, which is the market-cap weighted index of the largest 1000 stocks in the US. In fact the disparity was even more dramatic. Those stocks with no earnings had moved up by 50.9%, and those with earnings were down 2%. I think I have to go back and look in my textbooks. That's not exactly what I remember they said should happen."