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 Posted: Tue Oct 14, 2008 12:05 am Post subject: Wall Street Games |
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So the market is way up today?
Not really, just the way they calculate.
They dumped AIG as a Dow componet and replaced them with Kraft Foods.
See THIS LINK.
Did even one so-called news media outlet mention that fact?
February 19, 2008
Bank of America Corporation and Chevron Corporation replaced Altria Group, Incorporated and Honeywell International, Incorporated.
3M Company
Alcoa Incorporated
Altria Group, Incorporated
American Express Company
American International Group
Boeing Company
Caterpillar Incorporated
Citigroup Incorporated
Coca-Cola Company
Du Pont
Exxon Mobil Company
General Electric Company
General Motors Corporation
Hewlett-Packard Company
Home Depot Incorporated
Honeywell International
Intel Corporation
International Business Machines
J.P. Morgan Chase
Johnson & Johnson
McDonald's Corporation
Merck & Company, Inc.
Microsoft Corporation
Phizer Incorporated
Procter & Gamble Company
SBC Communications Incorporated
United Technologies Corporation
Verizon Communications Inc.
Wal-Mart Stores Incorporated
Walt Disney Company
September 22, 2008
Kraft Foods Inc. replaced American International Group Inc.
3M Company
Alcoa Incorporated
American Express Company
AT&T Incorporated
Bank of America Corporation
Boeing Corporation
Caterpillar Incorporated
Chevron Corporation
Citigroup Incorporated
Coca-Cola Company
DuPont
Exxon Mobil Corporation
General Electric Company
General Motors Corporation
Hewlett-Packard Company
Home Depot Incorporated
Intel Corporation
International Business Machines
Johnson & Johnson
J.P. Morgan Chase & Company
Kraft Foods Inc.
McDonald's Corporation
Merck & Company, Incorporated
Microsoft Corporation
Pfizer Incorporated
Procter & Gamble Company
United Technologies
Verizon Company
Wal-Mart Stores Incorporated
Walt Disney Company
I'm just saying... 
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Gary Spicuzza, *SAFE
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GarySpicuzza
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| Posted: Tue Oct 14, 2008 7:36 am Post subject: |
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Oh! You mean to say that they simply dump a loss making company with a profit making one to show that the market is moving upward. Good move, though!!
Shall I gather that they are trying to make us fools again???
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Birmingham-dwellers
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| Posted: Tue Oct 14, 2008 8:39 am Post subject: |
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I think they're trying to paint a happy picture when the whole economy is shaking with the fear of slipping into recession. However, omitting company's like AIG won't going to change the situation in hand. And its quite clear from the $700 billion bailout from the congress.
Anyways, if an improved Dow Jones Index helps in improving the moods of the investors and thus steadies the economy, it'd be worth making the changes.
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coffee-caramel
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| Posted: Tue Oct 14, 2008 9:00 am Post subject: |
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| Quote: | | with the fear of slipping into recession |
are you kidding? we've already fell full long into a recession and approaching a de-pression
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Lori
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Location: Missouri
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| Posted: Tue Oct 14, 2008 10:19 am Post subject: |
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| Quote: | | You mean to say that they simply dump a loss making company with a profit making one to show that the market is moving upward. |
Sort of.
I'm saying if you simply swap out a non-performing company for one that is solid of course that's going to change the numbers and distort the averages.
Had AIG still been a Dow componet yesterday would there have been a 900 point gain?
| Quote: | | Shall I gather that they are trying to make us fools again??? |
Yes.
But in a few short days either Barry Osama or Juan McCain't will be our new fearless leader and come to our rescue!
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Gary Spicuzza, *SAFE
Copyright 1956.
No Rights Reserved.
*Self Appointed Financial Expert |
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GarySpicuzza
Forum Expert
Joined: 03 Apr 2008
Posts: 959
Location: West Pasco County, FL
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| Posted: Tue Oct 14, 2008 10:48 am Post subject: |
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In fact in my, *SAFE, opinion I think a better gauge of the "regular" American economy could be ascertained by following 5 companies.
Coca-Cola Company, served EVERYWHERE.
McDonald's Corporation, eaten EVERYWHERE.
Home Depot Incorporated, always a line, ALL the time, at check out.
Wal-Mart Stores Incorporated, can barely find a place to park.
Walt Disney Company, conspicuous consumption.
So, there you have it.
When those companies go bust,... Amerika will be no more!
We'll call it the Gary 5 Index of normal persons leading economic indicators!
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Gary Spicuzza, *SAFE
Copyright 1956.
No Rights Reserved.
*Self Appointed Financial Expert |
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GarySpicuzza
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Joined: 03 Apr 2008
Posts: 959
Location: West Pasco County, FL
242.71 Dollars($)
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