1. Dow is a price weighted index. The two stocks having the biggest impact on Dow are IBM and MMM.
2. Just because Nasdaq stocks make up a small percentage of S&P weightings, it doesn't they are not correlated. Correlation is computed using their returns and variance over a period. Look up in any corporate finance book for details.
3. Big market trends are not results of manipulations, but always reflect market participants's perception of fundamentals. Big MMs (Mutual Funds and Pension Funds) accumulate mostly for fundamental reasons.
Several mistakes
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回复:Several mistakes
-131105-
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11/24/2005 postreply
22:52:51
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Thanks both 131105 and _nobody, your are both HH
-6783-
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11/25/2005 postreply
03:48:38
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Can't agree more on MMs manipulate indice.
-6783-
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11/25/2005 postreply
04:02:11
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回复:回复:Several mistakes
-__nobody-
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11/25/2005 postreply
07:33:41