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<p>[QUOTE="GDJMSP, post: 2936488, member: 112"]Well that's the entire point ! It has to be broad to show you what is going on in the market overall ! That's what charts do !</p><p><br /></p><p>Sure there may be some coins that have gone up in price over the same period of time. Sure there may be some record prices that have been realized. But so what ? For every one of them that there is, there are a hundred maybe hundreds of others that been going the opposite direction - down !</p><p><br /></p><p>You cannot judge if the market is going up or down based on a few - you judge it based on thousands !</p><p><br /></p><p>And there is no comparison between the 3000 index and the Dow (30 stocks), or the S&P 500. Even if ya go with the 500 the 3000 is still 6 times bigger and thus gives you a snapshot that is exponentially more accurate !</p><p><br /></p><p>And if you don't like the 3000, then look at the individual indexes. The Morgan and Peace index for one. Morgan dollars are the single most widely collected coins there are - no other individual coin comes even close. And when prices of the most collected, most popular coin there is have dropped to levels not seen since 1996 - THAT should tell you things are bad ![/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2936488, member: 112"]Well that's the entire point ! It has to be broad to show you what is going on in the market overall ! That's what charts do ! Sure there may be some coins that have gone up in price over the same period of time. Sure there may be some record prices that have been realized. But so what ? For every one of them that there is, there are a hundred maybe hundreds of others that been going the opposite direction - down ! You cannot judge if the market is going up or down based on a few - you judge it based on thousands ! And there is no comparison between the 3000 index and the Dow (30 stocks), or the S&P 500. Even if ya go with the 500 the 3000 is still 6 times bigger and thus gives you a snapshot that is exponentially more accurate ! And if you don't like the 3000, then look at the individual indexes. The Morgan and Peace index for one. Morgan dollars are the single most widely collected coins there are - no other individual coin comes even close. And when prices of the most collected, most popular coin there is have dropped to levels not seen since 1996 - THAT should tell you things are bad ![/QUOTE]
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