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To: Wally Mastroly who wrote (12106)2/25/2000 12:15:00 PM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
Some commentary are the stock markets' 'split personality' (& 'narrowness' of the gainers:



usatoday.com

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Couple of excerpts to ponder:

>>...The average NYSE stock has fallen 33% from its 52-week high, says Robinson-Humphrey Co., a subsidiary of Salomon Smith Barney. More than 89% are down 10% or more.

..And Nasdaq stocks are hurting, too. The Nasdaq composite gives more
weight to a handful of big companies. Those gains outweigh the losses many Nasdaq stocks have suffered. The average Nasdaq stock has fallen 31% from its 52-week high, and 83% are down 10% or more...<<

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I don't have any links to support it, but I heard this similar "narrow market' data bit on the Russell 2000 (small cap index) the other day:

Only about 13 stocks account for this year's rise (& 5 of them are Biotechs)........