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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Kevin McKenzie who wrote (79393)	2/27/2000 8:27:00 AM
From: big run	Read Replies (2) \| Respond to of 108040

It seems to me the DOW simply no longer reflects the state of the economy or the market. I wonder why the DOW numbers are still reported so religiously by the media? I suppose it gives us some historical perspective that the other markets don't. We can't compare the Nasdaq of today with the Nasdaq of the '29 crash, etc. are you serious??? the stocks of the DOW doesn't reflect the economy??? how about the stocks of the DOW don't attract the momo's of the NAZ...

To: Kevin McKenzie who wrote (79393)	2/27/2000 8:33:00 PM
From: James Erickson	Read Replies (1) \| Respond to of 108040

"We can't compare the Nasdaq of today with the Nasdaq of the '29 crash, etc" What Nasdaq of the '29 crash?

To: Kevin McKenzie who wrote (79393)	2/27/2000 9:12:00 PM
From: HandsOn	Read Replies (2) \| Respond to of 108040

Back in 29 You only needed 5k to borrow 100k on margin, reason why wealthy people were jumping out of windows then.

To: Kevin McKenzie who wrote (79393)	2/27/2000 10:26:00 PM
From: Mr_Mojo_Risin	Read Replies (1) \| Respond to of 108040

FYI, NASDAQ was formed in 1970, but I know you meant DJIA. And although the Dow is a veritable dinosaur, it still is a bellwether of the economy -- just the most popular one. And don't underestimate the correlation of the three big equity indices -- DJIA, NAS & S&P500. Going back to 1976, the 23 down DJIA quarters totalled losses of 130%. NAS was down in those 23 quarters 115%. The DJIA and S&P being down huge so far this year CANNOT be good for the NAS. mojo!