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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Casaubon who wrote (8566)3/20/1999 4:19:00 PM
From: umbro  Read Replies (1) | Respond to of 99985
 
Stock Prices Pre- and Post- 1929 Market Crash

From "The Big Board; A History of the New
York Stock Market," by Robert Sobel; 1965; page 283;
"Table 13.8 -- Prices for Selected Stocks, 1923,
1929, and 1932." (The source of this information is
a book by Bining, "Rise of American Economic Life."
(The 1929 prices are adjusted for splits and dividends)


Company 1923 1929 1932
Allied Chemical & Die 59 355 42
Anaconda Copper 32 175 3
Atcheson, Topeka &SF 94 299 35
DuPont 106 1617 154
GE 168 1612 136
GM 51 1075 40
New York Central 90 257 9
RCA 26 574 12
Union Carbide 51 420 46
US Steel 85 366 30


No Internet back then, but they did have their own share of 10-bagger technology stocks.

"Better living through Chemistry ..."



To: Casaubon who wrote (8566)3/21/1999 8:26:00 AM
From: Giordano Bruno  Read Replies (2) | Respond to of 99985
 
Everyone is pouring money into index funds and riding the wave

$13 billion of the $19 billion that flowed into equity funds was earmarked for large-cap index funds.

FUNDS WATCH: A Rush to Index Funds

It's no secret that over the last few years, mutual funds that track the Standard & Poor's 500-stock index have been on a roll, outperforming their actively managed peers by wide margins. This year, however, investors are really taking notice.

Through March 17, an astonishing 68.4 percent of the new net cash flow into equity funds has gone to large-capitalization index funds, according to Robert Adler, president of AMG Data Services, a data company in Arcata, Calif. In dollar terms, $13 billion of the $19 billion that flowed into equity funds was earmarked for large-cap index funds.

During the same period last year, just 16.4 percent of total equity fund flows were into large-cap index funds, or $6.8 billion of the $41.3 billion total.

"New investors are making a pure market play," Adler said, adding, however, that strong inflow into a fund category could quickly reverse.

New York Times