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To: donald sew who wrote (31748)10/2/2000 5:30:02 PM
From: Stephen  Read Replies (1) | Respond to of 42787
 
Don ... many thanks for your explanation - I thought maybe I was being a tad slower than usual .....

Best regards

Stephen



To: donald sew who wrote (31748)10/2/2000 8:16:37 PM
From: OX  Read Replies (1) | Respond to of 42787
 
>>>I recall that the SPX is made up of about 35%-40% of NAZ stocks.

donald,
I think what you meant to say was that 35-40% of SPX is tech (?)

only 65 of SP500 stocks (or 13%) are stocks traded on the Nasdaq.

but as of 9/29 weightings, 29.5% are categorized as "Technology" (down nearly 1% from the previous week's weightings)



To: donald sew who wrote (31748)10/2/2000 8:51:42 PM
From: Stephen  Read Replies (2) | Respond to of 42787
 
Don, or, I guess, anyone who can remember (given that my memory's so bad ...), previously there have been a few discussions about the 'tech generals' needing to undergo correction, before a new tech bull run can continue. Isn't that the case now and if so ... perhaps its not such a negative thing for the market as a whole ??. Secondly, in recent decades there has been a new sector which led the market forward. If that is the case and technology was the sector for the '90's ... perhaps the historical lesson is to reduce tech & head elsewhere. I know biotech, the financials, utilities & alternative power stocks have been top performers ... but is it possible that these have the fundamentals to fuel a prolonged bull market if tech falls by the wayside ??.

If anyone has any thoughts I'd appreciate them. I've been vacationing/taking a break from the markets for a couple of months ... and, mentally, am still groping around for some kind of footing that doesn't threaten to swallow me up !!.

TIA

Stephen