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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (55937)	4/13/1999 9:56:00 PM
From: NickSE	Read Replies (1) \| Respond to of 132070

Mike, I think CNBS is reading the MYTH thread. I posted this yesterday, hmmm. RUT stats YTD (as of 3/23) The six best performing stocks in the index and, 14 of the top 20 are Internet or Internet related issues. IMO, another rummy index...ho ho ho...#reply-8854865 <<Did anyone else see CNBS's piece on the new Russell 2000 loaded up with Internut stocks?>>

To: Knighty Tin who wrote (55937)	4/13/1999 10:04:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 132070

To All, Did anyone else see CNBS's piece on the new Russell 2000 loaded up with Internut stocks? Very instructive in how to get an index to show improvement temporarily and become a disaster longer term. Well, whatever game works. Better than that nasty head & shoulders formation that was forming in the RUT where all the value stocks are, most of which are already victims of a severe bear market. Get some money moving into the RUT and hopefully (fingers cynically crossed) you'll see some bucks flow in an market sector that has undeservedly suffered from lack of liquidity and institutional attention. Regards, Ron

To: Knighty Tin who wrote (55937)	4/13/1999 10:12:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 132070

Michael, are you sure those stocks weren't included in the RUT, and expanded into their current market caps? The market cap of CMGI was less than 1 billion 6 months ago, more in line with the current definition of 'small cap'. The others have also experienced similar market cap expansion in a similar time frame. The index is reconstituted on 5/31, so I believe my perception is accurate. russell.com Barb

To: Knighty Tin who wrote (55937)	4/14/1999 9:33:00 AM
From: yard_man	Read Replies (2) \| Respond to of 132070

They are monkeying with the S&P every quarter as well ... I may be wrong but they seem to be cleaning house a little more often lately.

To: Knighty Tin who wrote (55937)	4/14/1999 12:34:00 PM
From: Michael Bakunin	Respond to of 132070

Mama Bear is right, though Russell takes the whole month of May to reconstiture their indexes. So, the reason those stocks are the index right now is because Russell rebalances only annually, not because of any ulterior plan. Russell's method is entirely mechanical. Now, Standard & Poor's deserves a little ribbing for keeping AOL in the S&P Midcap all of last year; their methodology allows them to change index membership any time. Note also that the Russell Midcap currently is in severe need of rebalancing; three of its top four stocks now are Schwab, Amazon and Yahoo. Just wait 'til June 30... -mb