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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (66637)	2/10/2001 7:25:36 PM
From: MythMan	Read Replies (1) \| Respond to of 436258

It's called rotation from trash into Dow stocks...I told you trading range rules.. Everything will melt but a few blue chips....

To: Lucretius who wrote (66637)	2/10/2001 7:32:41 PM
From: KyrosL	Read Replies (1) \| Respond to of 436258

Although few are at their highs, some of the "old economy" components of the dow have come a long way up from last year (Boeing has doubled, MO more than doubled). The tech components have gone down, but not enough to overcome the strength in the other components compared to a year ago. The dow is a very good example of the rotation that goes on.

To: Lucretius who wrote (66637)	2/10/2001 7:52:52 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

Yep. MRK, XOM, UTX, BA, MO, DIS, AA and DIS are all propping it up....much more so than they deserve to be. I think indexing has a little to do with it (though indexing is undoubtedly propping up the SPX a great deal more, most of the DOW is prominently represented in the S&P, even more so since adding INTC and Softee). In any event, J6P will get the message eventually when earnings stay in the tank the second half of the year. Still can't say when "Clown Awareness Day" will be, though...

To: Lucretius who wrote (66637)	2/11/2001 5:46:43 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 436258

All they have to do is hold up the 7 seven stocks priced over 70 (IBM, MMM, JNJ, XOM, MRK, UTX & PG) and the DOW can't go down. averages.dowjones.com Notice from the link that these 7 make up 38.394% of the Dow's value, even though 7/30= 23.3%. A 1 point move up in IBM (a .89% gain) offsets a 1 point decline in Intc (a 2.95% loss), as a 1 point move in ANY stock on the Dow represents 6 Dow points based on the current multiplier. They can arbitrarily manage the value of the Dow by deciding when to split a stock. Had they not split GE 3 for one when it was up near 60, the Dow would be a heckuva lot lower. Maybe shorting the high priced Dow stocks isn't such a good idea?? Gotta wait for them to split.