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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (8826)	9/27/2001 1:10:01 PM
From: Bill Harmond	Read Replies (4) \| Respond to of 57684

Bought Ariba @ 1.54

To: stockman_scott who wrote (8826)	9/27/2001 2:40:40 PM
From: Oeconomicus	Respond to of 57684

Very interesting article. I'd submit that the "megacap effect" was due, at least in part, to the growth in popularity of index fund investing, particularly as professed and "closet" indexers used baskets of stocks (as opposed to all those in the index) to mirror index performance. The baskets were made up of the stocks that, statistically, accounted for nearly all the movement in the indexes - naturally the largest cap stocks. Of course, the mantra "buy the leaders [at any price] and hold" contributed. JMO, Bob