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To: pirate_200 who wrote (1787)12/7/1999 8:32:00 PM
From: HDC  Respond to of 10934
 
pirate 200, Hi! RE:"Yahoo is being added to the S&P today and
supposedly there is some "rebalancing" occurring
that is causing some selling of other S&P
members. Don't know if this is what is
occuring here."

I just saw on Cnnfn that the company which exited the S&P 500 (Laidlaw I think) had a market cap of around $1.6 billion. Yahoo had a market cap of approximately $70 billion yesterday and around $100 billion today. The S&P Index Fund guys had to sell a HUGE amount of other S&P company shares to come up with some BIG MONEY to buy Yahoo and "rebalance" their funds.

Best,

Duncan