Last Post 01/04/2012 12:10 PM by MARKETSMITH (11765) . 8 reply.

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01/02/2012 08:04 AM

OMG!!! MASSIVE MARKET CRASH ON DEC 30 !!!
by ken_brun (420) Joined on 07/14/2010 Posts: 22

Incredible.  Astonishing.  1,228 companies delisted from the markets, all apparently at the very last minute.

Strange that I didn't see anything about this massive number of company failures anywhere in the news.  Also strange that MS doesn't include all these deletions in the Add/Delete report.  Stranger still that the the Add/Delete report has the same number of added companies as deleted companies.  With all of those delistings, I would have expected the Add/Delete report to be much longer ( 1,228 listings longer, actually).

Wierd that the massive number of companies delisted didn't seem to affect the markets in any significant way, at least not that I can tell on MS (so far).



01/02/2012 08:26 AM

Re: OMG!!! MASSIVE MARKET CRASH ON DEC 30 !!!
by ken_brun (420) Joined on 07/14/2010 Posts: 22

Oops, my bad...no market crash, no mass delisting of companies.  Just another data glitch on an MS report, this one the  Daily Graphs Company Index (Printed Product) - supposedly a 'full listing'.

This report had 3,228 companies listed on 12-29, mysteriously down to 2,000 on 12-30.  No doubt it will just as mysteriously go back up on 01-03.  Or maybe not, perhaps this glitchy report will also take weeks to correct.

How did I find out this wasn't a massive delisting of companies ?  Simple: I went to a site where the programmers actually check their work and produce reliable data.

 



01/03/2012 06:28 AM

Re: OMG!!! MASSIVE MARKET CRASH ON DEC 30 !!!
by ken_brun (420) Joined on 07/14/2010 Posts: 22

spartian, how many relatives do you have working for MarketSmith ?

Actually, I think it far more likely that the MarketSmith employee is you - using a named account to defend the chronically sloppy programming of MarketSmith.

I believe it's the latter, a conclusion I've come to as the result of a "proprietary formulation" which 50 analysts work on full time :)



01/03/2012 02:20 PM

Re: OMG!!! MASSIVE MARKET CRASH ON DEC 30 !!!
by MARKETSMITH (11765) Joined on 06/14/2010 Posts: 713

The MarketSmith Stock Report Daily Graphs Company Index (Printed Product) referenced in this thread directly reflects the MarketSmith Daily Graphs print book. Among various other modifications and enhancements, the MarketSmith Daily Graphs print book was recently revamped to set the total number of stocks at 2000. The reduction from 3,228 to 2,000 stocks in the Stock Report Daily Graphs Company Index (Printed Product) you witnessed on 12/30 was simply the online list accurately reflecting the print book.

 

For more information on the MarketSmith Stock Report Daily Graphs Company Index (Printed Product), please see the following description, also accessible by clicking the encircled lowercase i to the right of the selected Stock Report in the List Toolbar.

 

The Daily Graphs Printed Product Company Index is the same report utilized by the Daily Graphs printed products since its inception in 1972. Each week a proprietary screening is performed on the O’Neil Database® to select 2,000 of the best performing stocks traded in the NYSE, AMEX and NASDAQ exchanges that meet stringent standards.



01/04/2012 06:28 AM

Re: OMG!!! MASSIVE MARKET CRASH ON DEC 30 !!!
by ken_brun (420) Joined on 07/14/2010 Posts: 22

spartian, your complete nonsequitur of a reply makes me wonder about your cognitive abilities.

What 'obligations' of mine are your referring to ?  Are you referring to my 'obligation' to accept MarketSmith's inaccurate data with a smile and a nod ?

The party that has set aside their obligations is MarketSmith - they've set aside their obligation to provide accurate data to subscribers who pay at least $1000 per year for access to that data.

And yes, those mysteriously missing companies (over 1,200) are still missing today.  Well, to be accurate, they're not missing everywhere.  Apparently only MarketSmith is aware of their disappearance - no other data site that I've checked is aware of this mass exodus from the market.

Apparently those 50 MarketSmith analysts know something that nobody else in the entire investing world is aware of.

 



01/04/2012 12:10 PM

Re: OMG!!! MASSIVE MARKET CRASH ON DEC 30 !!!
by MARKETSMITH (11765) Joined on 06/14/2010 Posts: 713

 

@ken_brun

 

The Stock Report Daily Graphs Company Index (Printed Product), as referenced in this thread, is a direct reflection of the MarketSmith Daily Graphs print book. It is not a complete listing of all the stocks in the MarketSmith database, which is close to 7,000.

 

You may have missed the explanation we posted yesterday. Here is the full response:

 

The MarketSmith Stock Report Daily Graphs Company Index (Printed Product) referenced in this thread directly reflects the MarketSmith Daily Graphs print book. Among various other modifications and enhancements, the MarketSmith Daily Graphs print book was recently revamped to set the total number of stocks at 2000. The reduction from 3,228 to 2,000 stocks in the Stock Report Daily Graphs Company Index (Printed Product) you witnessed on 12/30 was simply the online list accurately reflecting the print book.

 

For more information on the MarketSmith Stock Report Daily Graphs Company Index (Printed Product), please see the following description, also accessible by clicking the encircled lowercase i to the right of the selected Stock Report in the List Toolbar.

 

The Daily Graphs Printed Product Company Index is the same report utilized by the Daily Graphs printed products since its inception in 1972. Each week a proprietary screening is performed on the O’Neil Database® to select 2,000 of the best performing stocks traded in the NYSE, AMEX and NASDAQ exchanges that meet stringent standards.

 

ken_brun:

And yes, those mysteriously missing companies (over 1,200) are still missing today.  Well, to be accurate, they're not missing everywhere.  Apparently only MarketSmith is aware of their disappearance - no other data site that I've checked is aware of this mass exodus from the market.

Apparently those 50 MarketSmith analysts know something that nobody else in the entire investing world is aware of.