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To: Monty Lenard who wrote (45578)	12/30/2000 9:13:04 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 77400

Hi Monty; I not long ago read an old book by an ex fund manager..the dishonesty is built in , they go along with it or don't survive. I forgot HD in my last post it changed the DOW some would have been down 7.71% if I owned all the shares of all the stocks in the DOW, How ever if that was a market cap weighted index it would show me down 15.09% Market cap weighted indexes skew both ways.. I keep trying to explain that to the TA experts who key on an index. --------------------------- There can be no honest index unless it's weighted by the amount of shares out. The Wall Street experts have to know that, so why do they feed the public such bullshit. Jim

To: Monty Lenard who wrote (45578)	12/30/2000 10:17:27 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 77400

Monty; To add to my last post.. Re >> would have been down 7.71% if I owned all the shares of all the stocks in the DOW, How ever if that was a market cap weighted index it would show me down 15.09% <<< ------------------- I'm finding much the same with the Large Caps in the OEX ( if I owned a weighted percentage of the shares out I wouldn't be down as much as the market cap says ) It's not clear in my mind the why of that ? except perhaps I'm making a mistake or over looking something . Would the amount of shorts out cause that effect ? It has me stumped. Jim EDIT I got it.. It has to do with the amount of new shares issued, such as with buy outs etc. Which diluted the price and market cap..but my calculations are based on as if I owned the same amount at the start as now, and in reality I wouldn't unless I bought the extra shares they issued. ------------ They are still pushing more and more shares out on the public even as this damm market falls. Jim