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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (46086)	2/27/2000 9:59:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 94695

tippet, NYSE composite is in a bear market already. Nowhere in the last 12 months there is a point that if bought, made profit till today. Now the NYSE total market cap is $10.85 Trillion, and the Naz reached $5.85 Trillion market cap. Put together they are worth $16.7T. Since 12/31 the NYSE lost $1.39T in market cap, and the Naz gained $0.59T appreciation plus IPOs (surely not more then $0.1T). Therefore the total market cap is still lower then on 12/31. We're on T + 38 and counting. IMO the SPX portrays the overall picture with best approximation. BTW, T+34 was a local low, a new low lower then everything since October, and the market attempted a rally from there, which failed last Friday. ATG