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On the run up in the snp this year, $526 billion, 12 stocks counted for
all of it and more. The remaining 488 stocks combined barely broke even.
Those 12 are now giving up the ghost. MSFT,107.7: Wal-Mart.64.8:
LU,55.6: Dell, 54.2: csco, 43.5:GE, 43.2,etc. The numbers are in
Billions of $. Source is business Week.
charles meyer wrote:
> Can someone explain yesterday's divergence between the OTC
> and the SnP's? During the afternoon hours the Nasdaq and the
> Russell 2000 went sideways to up while the SnP's kept registering
> new session lows. The Russell 2000 actually rallied sharply from
> a low at 359.10 at 1:20 to close at 363.60: an UP move of 1.25%.
> How or why were these indexes rallying in the face of a weak
> SnP? Also, noticed that the intra-day advances on the NYSE
> were near their highs for the day near the close. Any comments
> or explanations are welcomed. Maybe it is a two word answer:
> short covering?
>
> Charles
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