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To: Wally Mastroly who wrote (6279)7/31/1998 11:59:00 PM
From: Kirk ©  Read Replies (2) | Respond to of 42834
 
Great article. I've been seeing many like it. My Small cap index I have others invest in (to add small cap to the Schwab1000) is DOWN 4.2% this year. The Schwab1000 is up 15.2% Disparity is 19.4%!!!! How long can this continue?

This article suite101.com says "Even within the S&P 500, however, performance has gone disproportionately to the largest. Just 78 stocks provided all the year-to-date return of the S&P500 through Tuesday, according to Salomon Smith Barney; the gainers in the remaining 420 just offset the losers. Indeed, only five stocks -- Microsoft, Lucent Technologies, General Electric, Wal-Mart Stores and Pfizer -- provided a quarter of the index's return.(The contribution of large stocks is slightly overstated because some of the stocks now defined as largest weren't among the largest at the beginning of the period.)

I wonder if we took out the big5 - Microsoft, Lucent Technologies, General Electric, Wal-Mart Stores and Pfizer, what the P/E of the S&P500 would be? Maybe it is time to load up on large cap value funds?

Hmmmmmm
Kirk out