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--- In realtraders@xxxxxxxxxxxxxxx, "Ira" <mr.ira@xxxx> wrote:
> I don't know where they would be. What stocks were in the Dow in
1982 and which ones are in it now. INTC, MSFT and other stocks where
added to increase the volatility of the Dow. It certainly wouldn't
> be where it is now.
I sure don't know exactly where it'd be, but his point was that
1982 was an important low, and it coincided with a bullish
cover....my guess is we'd still be above that 777 even with the "old"
Dow.
INTC, MSFT and other stocks where added to
> increase the volatility of the Dow. It certainly wouldn't be where
it is now. The powers change the make up of the indexes as they see
fit to reflect the best image of the markets.
>
>
> ----- Original Message -----
> From: "tradewynne" <tradewynne@xxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, June 16, 2003 12:16 PM
> Subject: Re: [RT] Barron's cover
>
>
> > --- 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
> > > >
> > > >
> > > >
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> > > >
> > > >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
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