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I think he implied that IBM was holding up the DOW relative to the SPX.
Yes, Let me clarify. As I quickly responded. IBM makes up 9.3% of the Dow's weighting. With IBM up 2.9% its aprox 27bps of outperformance today. Make sense?
IBM had earnings last night, remember we are in earnings season.
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I think he implied that
Divergence between Dow and S&P, any comments?
Posted by steve on 19th of Jan 2011 at 11:47 am
I think he implied that IBM was holding up the DOW relative to the SPX.
Yes, Let me clarify. As
Posted by jdaswani on 19th of Jan 2011 at 11:55 am
Yes, Let me clarify. As I quickly responded. IBM makes up 9.3% of the Dow's weighting. With IBM up 2.9% its aprox 27bps of outperformance today. Make sense?
IBM had earnings last night,
Posted by matt on 19th of Jan 2011 at 12:41 pm
IBM had earnings last night, remember we are in earnings season.