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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: crdesign who wrote (2003)	7/12/2002 4:59:43 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

in last two years, major stocks are trading with their index for most of 2000, 2001, 2002, tech stocks rose and fell with the NazComp not exactly in perfect synch, but closely quick recoveries in late afternoons lifted all big techs now we are seeing the same thing happen with S&P stocks that tells me that major stocks are tied to the fate of the S&P index mutual funds have weighting, heavily tilted toward S&P ratios index funds are obviously weighted to S&P ratios SPX is a basket available for trading as a unit options are tied to SPX directly SPX has a futures contract tied to it unless a serious credible argument can be put forth, these major stocks trade up/down with their indexes regardless of their individual PEratios rising tide lifts all boats departing tide beaches all boats departing tide exposes all corruption and thievery DOES ANYONE NOW REGARD A DECLINING DOLLAR AS BENEFICIAL ??? the press in April and May said it would be HOW DOES IT TASTE SO FAR ? (exactly as bad as I said, with the worst coming yet) / jim