They are saying that no one can beat the market and that the best strategy is to invest in broad-based indexes that mimic large market changes.

Two broad-based indexes reached all-time highs before dropping.

Also encouraging investors were the record closing levels reached by three broad-based indexes.

They argue that this broad-based index gives a better picture than the Dow of the plunge's impact.

This cuts hedge fund returns to significantly less than those of broad-based index funds.

The table will also include the returns of an appropriate broad-based index for comparison purposes.

Yesterday, broad-based indexes rose in concert with the Dow.

Market watchers expect foreign indexing to become even more popular as investors embrace foreign stocks and as more broad-based international indexes are created.

Contrast these returns with what the various broad-based indexes did for the period.

When the New York Stock Exchange closed, its broad-based composite index was up 1.32 points, to 143.53.