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

To: Lizzie Tudor who wrote (15769)	1/12/2003 5:19:46 PM
From: Steve Lee	Read Replies (1) \| Respond to of 19219

"the indexes are much better than the overall picture... ...This metric will always be worse than the indexes will show just because so many companies dropped off" Not so. For all the companies that have been dropped from the Nas Comp, work out the market cap the day before they were dropped and add them together. Then express that total as a percentage of the Nas Comp peak market cap. That is the amount by which the total market cap decline has been greater than the Nas Comp decline (give or take for buybacks and new shares issued). I doubt you will get to a tenth of 1 percent.

To: Lizzie Tudor who wrote (15769)	1/12/2003 5:23:51 PM
From: augieboo	Read Replies (1) \| Respond to of 19219

Lizzy, your 95% figure does not match the data available from Nasdaq. Nasdaq Market Value, per Nasdaq Statistics: Peak, March 2000 ----- $6,259,005,489 Current, (Jan 2003) -- $2,049,880,858 =============================================== Difference: --------- $4,209,124,631 Percentage Loss ------ 67.25% Even using the numbers from the October 9 low close of 1114, I get less than a 74% reduction in Nas Market Value: Peak, March 2000 ----- $6,259,005,489 October 9, 2002 ----- $1,631,473,248 =============================================== Difference: --------- $4,627,532,241 Percentage Loss ------ 73.94% Sources: March 2000 Data marketdata.nasdaq.com October 2002 Data: marketdata.nasdaq.com Jan 2003 Data marketdata.nasdaq.com