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To: NickSE who wrote (33253)	4/13/1999 9:36:00 PM
From: Broken_Clock	Read Replies (3) \| Respond to of 86076

I am a little amazed that this thread is so quiet tonight. The futures are acutally red! Heading for the sixes it looks like. Maybe this week will turn out ok after all.

To: NickSE who wrote (33253)	4/14/1999 5:48:00 AM
From: accountclosed	Read Replies (2) \| Respond to of 86076

good stats...do you have what the five were and what the 18 were?

To: NickSE who wrote (33253)	4/14/1999 11:28:00 AM
From: Knighty Tin	Respond to of 86076

XO, But, in the new paradigm, 5 is half of 500. <g>

To: NickSE who wrote (33253)	4/14/1999 12:49:00 PM
From: Michael Bakunin	Respond to of 86076

This kind of cherry-picking is not informative out of context. The top contributors to return always make up a disproportionate portion of the entire basket's result. In the absence of some historical perspective, all this analysis says is, "some stocks went up more than other stocks". That said, I believe your message is true: this market is insane. A better analysis would be a forward-looking one. For example, if you had simply bought every stock in the S&P 500 at market weight that was trading at a forecast P/E above that of the market itself last December 31, you'd be up nearly 9%. If you'd bought the rest of the market -- by the forecasts, the cheap half -- you would have lost money, in a supposed bull market. -mb