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(Marketwatch)   Dow Jones Industrial Average becomes less industrial starting today. Your stock portfolio ... oh, you don't have one? Well how about a 401k? .... Oh ... Never mind   (marketwatch.com) divider line
    More: Interesting, Dow Jones Industrial Average, S&P Dow Jones Indices, Apple Inc.'s, Dow Jones & Company, Apple's stock split, Dow Jones Indexes, Charles Dow, value of the Dow  
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785 clicks; posted to Business » on 31 Aug 2020 at 8:40 PM (20 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



8 Comments     (+0 »)
 
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2020-08-31 5:22:34 PM  
I suppose it makes it a better barometer of the major large caps, but there has been a lot of pain in the mid and small caps that hasn't been reflected well in either the Dow or the S&P indices.
 
2020-08-31 9:21:22 PM  

We Ate the Necco Wafers: I suppose it makes it a better barometer of the major large caps, but there has been a lot of pain in the mid and small caps that hasn't been reflected well in either the Dow or the S&P indices.


DJIA and the S&P 500 are pretty specifically built to cover large cap stocks. If that is ever reflective of the rest of the market, I think it can only be coincidence.

I don't pay it much attention, but the Russell 2000 sounds like a well-established index for small caps. I wouldn't expect it to give any info about large cap activity either.
 
2020-08-31 9:22:22 PM  
I'm currently up infinity percent because I got a free Sirius XM stock with my robin hood account.

I'm not sure if I should laugh or cry.
 
2020-08-31 11:14:19 PM  
I think the DJIA is a rotten choice to use as a representation for the stock market. It's only 30 stocks. And they have to monkey around with multipliers to make it come out with a number that tracks. It made some sort of sense when the value was calculated by hand, but why is it still stun af a proxy for the market?

The Wilshire 5000 is a much better representation of the market.
 
Azz [recently expired TotalFark]
2020-09-01 12:59:37 AM  

gietmay: I think the DJIA is a rotten choice to use as a representation for the stock market. It's only 30 stocks. And they have to monkey around with multipliers to make it come out with a number that tracks. It made some sort of sense when the value was calculated by hand, but why is it still stun af a proxy for the market?

The Wilshire 5000 is a much better representation of the market.


Pffft. I have been using the Powerman 5000 index since the 90s. 100% industrial unlike that Dow poser.
 
2020-09-01 6:12:00 AM  
it's Jim Cramer or nothing.

No wait, it was Jim Cramer then nothing.
 
2020-09-01 8:14:42 AM  

gietmay: I think the DJIA is a rotten choice to use as a representation for the stock market. It's only 30 stocks. And they have to monkey around with multipliers to make it come out with a number that tracks. It made some sort of sense when the value was calculated by hand, but why is it still stun af a proxy for the market?

The Wilshire 5000 is a much better representation of the market.


If I showed you both with unlabeled y-axes, I guarantee you wouldn't know which was which.
 
2020-09-01 12:09:51 PM  

Azz: gietmay: I think the DJIA is a rotten choice to use as a representation for the stock market. It's only 30 stocks. And they have to monkey around with multipliers to make it come out with a number that tracks. It made some sort of sense when the value was calculated by hand, but why is it still stun af a proxy for the market?

The Wilshire 5000 is a much better representation of the market.

Pffft. I have been using the Powerman 5000 index since the 90s. 100% industrial unlike that Dow poser.


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