Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (39706)	4/15/1998 10:05:00 AM
From: Kevin	Read Replies (1) \| Respond to of 58727

>>> on the day we had the merger mania of citicorp...we had a big increase in the financial stocks, right? which are heavily weighted, right? <<< Yup. >>> but the S&P didnt really show that did it...(meaning money was coming out somewhere......or if it was sector rotation..how did it work that day) I cant remember that day really......<<< On April 6th, I'd describe the market as an overall selloff (though fairly light). hidden by the strength in financials. If it wasn't for 3 specific groups: investment banking, banks (money center) and insurance we would have been much lower that day. If those groups remained unchanged the SPX would have closed -6.66 instead of -1.31 And that's only 3 groups of the 104 underlying SPX groups. It shows how they're wieghted. See ya