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To: Hank Stamper who wrote (2825)1/12/1999 5:41:00 PM
From: 2sigma  Respond to of 15132
 
David,

My point is that the sp-500, and the dj-30 indices show a virtual 100% correlation to correcting at these levels (using the Linear Regression of prices plus/minus two Std. Dev.). There is old market wisdom that, in general, 2/3's of stocks' movement correlates to the overall market (i.e. all boats rise in a rising tide...)

kr