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--- In realtraders@xxxxxxxxxxxxxxx, "Ira" <mr.ira@xxxx> wrote:
> The stocks in the Dow aren't the same. You are comparing apples and
> oranges.
Aren't the same as what? Are you saying those "same" stocks
would be under Dow 777?
> ----- Original Message -----
> From: "topos8" <topos8@xxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, June 16, 2003 11:12 AM
> Subject: [RT] Barron's cover
>
>
> > Paul Montgomery often has pointed out that covers of publications
> > devoted entirely to business and finance (e.g. Barron's, Business
> > Week, the Economist, Fortune ) are much less reliable indicators
of
> > public opinion that are the covers of popular newsweeklies like
Time
> > and Newsweek.
> >
> > As an illustration of this caveat I would cite the cover of
Barron's
> > for the last August issue of 1982. The cover was a picture of a
> > snorting bull and the accompanying article was very bullish on
> > stocks. The 1981-1982 bear market low in the Dow at 777 had
> > occurred three weeks before the cover came out and the Dow has
never
> > once sold below the level it traded at when that cover came out, a
> > period of 21 years!
> >
> > Carl
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
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