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To: GST who wrote (142134)	5/5/2002 7:23:09 AM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

LOL! How can Billy show his face around here with that portfolio result public for all to see? Does he have ANY money left? How can he even afford to pay his ISP bill? -------------------- Do you remember Walton's mountain? Ike is "only" up 33% because he has some tech in the portfolio -- Bill is -- well look for yourself: siliconinvestor.com Don't feel too sorry for the goldbugs.

To: GST who wrote (142134)	5/5/2002 11:19:13 AM
From: H James Morris	Respond to of 164684

Do you think Ike's is up because of gold going up or because they're small-cap stocks? I think probably a combination of both. >>May 5, 2002 NEW YORK – Cobalt Corp. Boyd Gaming. Brookline Bancorp. Many investors have never heard of these companies, but for those who own them, 2002 has been a very lucrative year. The trio have been among the best performers for the year to date in a part of the market that is booming: small-caps. The Russell 2000 index, which tracks stocks of smaller companies, is up 4.9 percent for the year, compared with losses in the barometers that track the stocks of bigger companies: The Nasdaq composite index is off 17.3 percent, while the Dow Jones industrials have lost 0.2 percent and the Standard & Poor's 500 index is down 6.5 percent. The numbers reflect a decades-old pattern on the market, in which small and big stocks rise and fall in opposing cycles. Analysts say that if history is any indication, small stocks will likely outperform their bigger counterparts for at least a few more years. "This is a rotation that's been under way for about three years now, and the average length of most of these cycles is about five years," said Satya D. Pradhuman, chief small-cap strategist at Merrill Lynch. "I believe this could be a longer, not shorter, cycle because the small-cap returns so far have been paltry compared to other cycles." Small-cap companies are those with market capitalization, or market value, between $250 million and $1 billion. The Russell 2000 consists of businesses that the index considers to be in the bottom two-thirds of the 3,000 largest U.S. companies. The average market cap is $530 million. The category struggled in the last half of the 1990s, particularly 1998 and 1999, as the bull market for the Dow, S&P and Nasdaq was intensifying. But by 2000, a small-cap turnaround had begun and the stocks moved higher just as big-cap issues were pulling back. In the last three years, the Russell 2000 has risen 18.2 percent, compared with declines of 9.2 percent in the Dow, 36.4 percent in the Nasdaq and 20.8 percent in the S&P.<<