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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (15768)	1/12/2003 2:23:07 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 19219

no not the compx, the indexes are much better than the overall picture, and no not bulletin board stocks- the 95% decline is simply all the mkt cap of the listed companies on the naz from peak vs. what it is now. Of course we have so many fewer companies that theres a huge issue right there. This metric will always be worse than the indexes will show just because so many companies dropped off, but since the naz index is down 75-80% it seems reasonable. I'm actually surprised it isn't worse than 95%- remember icge and cmgi once had 40 BILLION mkt capitalizations... yhoo 250 billion at peak, sunw, jnpr, cien close to 100 billion... the list goes on and on of companies like that many are gone or delisted now... inkt, scmr, redb, cmrc, etc. and those are the ones still around, then theres the ones that disappeared pets.com and all the dot commers. You can get most of that info from this site nasdaqtrader.com