Investment Figures Of The Week

COMMENTARY
      A lackluster week in the financial markets. Prices meandered aimlessly in light 
      volume, with many traders absenting themselves because of holidays. The biggest 
      move of the week came on Dec. 29, when the Dow Jones industrial average fell 23 
      points. Computer-driven program trading contributed to the decline, as did poor 
      showings by IBM and 3M. Be-cause of the IBM debacle, computer makers now lead 
      the list of worst-performing stock issues over the past month.
      
      All data on this page are as of market close Tuesday, Dec. 29, 1992, unless 
      otherwise indicated. Industry groups include S&P 500 companies only; 
      performance and share prices are as of market close Dec. 28. Mutual fund 
      returns are as of Dec. 25. Relative portfolios are valued as of Dec. 28. A more 
      detailed explanation of this page is available on request.
      
      Market Analysis
      
                                                             % change
      U.S. STOCKS                              Latest     Week     52-week
      DOW JONES INDUSTRIALS                    3310.8     -0.3      4.6
      MIDSIZE COMPANIES (S&P MidCap Index)      158.8      0.9      8.9
      SMALL COMPANIES (Russell 2000)            216.9      1.0     15.4
      ALL COMPANIES (Russell 3000)              250.1     -0.2      7.3
      
                                                  % change (local currency)
      FOREIGN STOCKS                   Latest     Week        52-week
      LONDON (FINANCIAL TIMES 100)       2847.8     0.2         17.7
      TOKYO (NIKKEI INDEX)             17,285.6    -2.3        -24.8
      TORONTO (TSE COMPOSITE)            3314.9     0.0         -5.4
      
      FUNDAMENTALS                     Latest     Week ago     Year ago
      90-DAY TREASURY BILL YIELD        3.25%      3.27%        3.96%
      30-YEAR TREASURY BOND YIELD       7.36%      7.34%        7.45%
      S&P 500 DIVIDEND YIELD            2.82%      2.81%        3.02%
      S&P 500 PRICE/EARNINGS RATIO     24.3       24.5         23.2
      
      TECHNICAL INDICATORS                          Latest     Week ago     Reading
      S&P 500 26-week moving average                420.3       419.0       Positive
      Stocks above 26-week moving average            58.9%       58.7%      Negative
      Speculative sentiment: Put/call ratio           0.35        0.36      Neutral
      Insider sentiment: Vickers sell/buy ratio       2.56        2.56      Negative
      
      Industry Groups
      
                                       % change
      FOUR-WEEK LEADERS          4-week     52-week
      1 MANUFACTURED HOUSING     13.7       44.9
      2 SEMICONDUCTORS           11.7       69.8
      3 LIFE INSURANCE           10.6       36.8
      4 AEROSPACE AND DEFENSE    10.5        4.3
      5 BROADCASTING              9.2       29.5
      
                               Strongest stock         % change
      FOUR-WEEK LEADERS        in group            4-week   52-week  Price
      1 MANUFACTURED HOUSING   SKYLINE             19.9     42.0      21 1/8
      2 SEMICONDUCTORS         INTEL               27.3     90.3      90 3/8
      3 LIFE INSURANCE         JEFFERSON-PILOT     21.1     32.3      49 1/2
      4 AEROSPACE AND DEFENSE  NORTHROP            20.0     39.4      34 1/2
      5 BROADCASTING           CAPITAL CITIES/ABC  15.1     24.3     515 3/4
      
                                                % change
      FOUR-WEEK LAGGARDS                    4-week     52-week
      1 COMPUTER SYSTEMS                    -10.7      -28.2
      2 ENGINEERING AND CONSTRUCTION         -8.4       -2.9
      3 COMMERCIAL SERVICES                  -6.8        0.4
      4 TOYS                                 -6.0       24.7
      5 OIL WELL EQUIPMENT AND SERVICES      -5.7       -4.7
      
                                         Weakest stock     % change
      FOUR-WEEK LAGGARDS                 in group      4-week     52-week     Price
      1 COMPUTER SYSTEMS                 IBM            -21.6      -42.1       51 3/4
      2 ENGINEERING AND CONSTRUCTION     FLUOR          -10.5       -2.9       41 3/8
      3 COMMERCIAL SERVICES              SAFETY-KLEEN   -22.4       -3.5       23 7/8
      4 TOYS                             MATTEL         - 6.6       19.3       24 7/8
      5 OIL WELL EQUIPMENT AND SERVICES  SCHLUMBERGER   - 8.2       -9.9       55 5/8
      Source: BRIDGE INFORMATION SYSTEMS INC.
      
      Mutual Funds
      
      LEADERS                               LAGGARDS
      Four-week total return   %            Four-week total return             %
      1 PBHG GROWTH          15.1           EQUITY STRATEGIES                -5.6
      2 COPLEY               12.1           FIDELITY SELECT ENERGY SERVICE   -5.1
      3 DFA UNITED KINGDOM
        SMALL COMPANY        11.8           QUEST FOR VALUE GLOBAL EQUITY    -5.1
      
      LEADERS                               LAGGARDS
      52-week total return     %            52-week total return               %
      1 FIDELITY SELECT 
        SAVINGS & LOAN       60.7           LEXINGTON STRATEGIC INVESTMENTS -59.3
      2 OAKMARK              53.5           UNITED SERVICES GOLD SHARES     -51.2
      3 FIDELITY SELECT 
        REGIONAL BANKS       49.7           MONITREND GOLD                  -27.6
      Source: MORNINGSTAR INC.
      
      Relative Portfolios
      
      Dollar amounts               Treasury bonds    U.S. stocks    Money market fund
      represent the present           $11,021          $10,897          $10,286
      value of $10,000
      invested one year ago
      in each portfolio
      Percentages indicate             +0.32%           -0.48%           +0.05%
      five-day total returns
      
      Dollar amounts                   Gold          Foreign stocks
      represent the present            $9,484           $9,274
      value of $10,000
      invested one year ago
      in each portfolio
      Percentages indicate            -1.48%           -1.20%
      five-day total returns
      Source: DATA RESOURCES INC.
      

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