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To: re3 who wrote (37895)	5/3/1999 9:45:00 AM
From: Bonnie Bear	Read Replies (1) \| Respond to of 86076

cost to push the S&P up? probably nothing. The S&P is an unequally weighted index of 500 stocks that are chosen like a mutual fund, there are new changes to the index constantly and the turnover is like that of a mutual fund. So one can (1) add external money to the top stocks to drive it up, (2) redistribute money from the bottom stocks to the top stocks to drive up the index, (3) change the composition, (4) change the weighing.

To: re3 who wrote (37895)	5/3/1999 12:30:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 86076

maxx: re S&P...here's the S&P site..it has specifics on the S&P composition, the method used to create the index, and the stocks added and subtracted, the TSE 60 is here too spglobal.com the index consists of price*shares outstanding for 500 stocks...the effect of money rolling into the index is that the big stocks get bigger...suggestion for you..take the 5 biggest S&P stocks, take one of median value, take the smallest. Find $ and shares outstanding for each. play a bit with how much you have to change $ or shares outstanding to get a 1% change to the total index market cap. I think this might give you the info you're looking for, which is different from the question you asked.