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

To: Jim Battaglia who wrote (13)	12/10/1998 2:32:00 PM
From: James F. Hopkins	Respond to of 41

Jim; Thanks for the encouragement, I have got a brain teaser right now that has me stumped. I'm running two programs that track the DJI, one is price weighted like the DJI index, the other I set up as Market cap, also know as Market value weighted ( like the S&P ). The teaser is in the market cap one. If I take the Total market cap of the DJI X the average price per share I get almost 16.8B more as market cap value, Than if I take the individual issues shares X price and sum them up. I found this once before and gave up trying to figure it out the average price x total shares should equal the same total market value, as the share price x shares of the stocks and summed. I wonder if this is an anomaly in the way Msft does the math, after all it's about 2.375 T to 2.359 T, or .71% it don't make sense. ------------------ That aside ; The price weighted one vs the cap weighted one make an interesting comparison. They can and do at times move in opposite directions, It's my idea if the Price weighted index out runs the Cap weighted one to the upside ( rate wise ), the DOW stocks are getting less liquid, and more risky, if it's to the down side, they they are getting more liquid. Jim