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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (4574)	8/2/1998 1:11:00 PM
From: Shane M	Respond to of 78667

Wallace, On market breadth or lack thereof: Was looking at a table of Sector and Industry groups from AAII Journal comparing the relative strengths to the S & P 500. (Relative Strength being the 12 mo price performance at June 30 relative to the S & P). Of 12 sectors, only 1 (Financial) exceeded the performance of the S & P. This was by 2%. Several sectors underperformed by more than 20%. Health Care Rel Strength of -28%, Technology -27%, Basic Materials -27%, and Energy -25%. Of 102 industry groups, only 18 had a positive relative strength versus the S&P, with most of these in the Services and Financial. I haven't been around long enough to know how unusual this is, but it certainly looks like the "stealth bear" you mention. Shane