The Dow Jones itself is a ridiculous benchmark.
By Daniel at 24 October, 2009, 9:13 pm
Last year, GM and Citigroup (C) were replaced by Travelers (TRV) and Cisco (CSCO).
Then — AIG was replaced by Kraft Foods (KFT).
Finally — Altria Group (MO) and Honeywell (HON) were replaced by Chevron (CVX) and Bank of America (BAC) which has run since then, Boeing (B), and Kraft Foods (KFT).
The index is meaningless. It’s a game, and it’s crooked.
In the famous words of Al Capone
“It’s a racket. Those stock market guys are crooked.”
Happy trading…Let’s see if people start covering their USD shorts tomorrow
BTW: It’s called the Dow jones INDUSTRIAL index….90% of these stocks should not even be in the DOW…they are put there simply to inflate the value.
- Contrarian01
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