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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gary Burton who wrote (21356)	7/10/1998 1:36:00 AM
From: Gottfried	Respond to of 70976

Gary/ALL, this explains why the bull market doesn't seem to touch us. GM * As of June 30, the average Nasdaq stock was deep into a bear market (defined as a 20% or more decline), or down 31% from its 52-week high. More than 81% of Nasdaq stocks were down 10% or more from their 52-week highs. The average New York Stock Exchange stock was down 19.6%. * The average S&P 500 stock was down 15%. Meanwhile, the major indexes like Nasdaq and the S&P 500 were up 18% to 21% by the end of the first half, mainly because a few powerful leaders put them there. And that happened because institutional and foreign investors have been playing it safe and piling into the big-cap blue chip stocks. [snip] pathfinder.com