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Strategies & Market Trends : The New SEctor SPDR Funds -- Ignore unavailable to you. Want to Upgrade?

To: Chip Anderson who wrote (109)	5/24/1999 10:28:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 122

Chip; I like the charts, & the Dollar index the best.. I would love to see someone who could take the S&P500 Adjusted to the Dollar index. Like if the Dollar goes down xx% take that off the SPX, and when it goes up xx% add that to the SPX index, so that we have an SPX adjusted to a global view. I think we over here look at the index in dollars and that's a very shallow view, last year when it was showing such big gains I was telling people , ya it looks that way to us, but not to foreigners. Right now we see if falling fast, but the dollar is going up. We are in a global market , and we all know that, but we still look at the index as if the value of the dollar has nothing to do with it. -------------------- I think most of the out flows of money have been by foreigners, they are getting about a 6% premium from the first of the year just on the dollar alone. This is indicated by the fact it's the Blue chips that are taking the biggest hits, and that's the part of our market foreigners mostly deal in. ------------- Jim