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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (6454)7/31/2001 1:42:00 PM
From: smolejv@gmx.net  Read Replies (1) | Respond to of 74559
 
...or total market cap, divided by total number of stocks issued. Right? Give or take a million (g). The fact of the matter is though, the market indicators are supposed to do that - for better or for worse - so Dow in 1929 and later should tell more or less the whole story (its like factor analysis, DJ index standing for the most important factor). And as with any average or statistics, there's items sitting in the top and bottom tails.

On the subject of earnings, Nasdaq (2002e) PE at 46 is something different from say SnP 500 at 21. Fact is though, tech stocks are rallying on expectations of earnings not to get worse - forget getting better.

dj

PS: Remix of the previous question: here's the number of companies (according to Yahoo) having better than 0,5,10% 1yr performance: 0%< - 1910, 5%< - 1445, 10%< - 1600. Anything suspicious about these - well, about one of these numbers?