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From: ekrell@ucla-cs.UUCP
Newsgroups: net.invest
Subject: Re: Is new Dow Jones High Phoney?
Message-ID: <8858@ucla-cs.ARPA>
Date: Mon, 10-Feb-86 14:20:26 EST
Article-I.D.: ucla-cs.8858
Posted: Mon Feb 10 14:20:26 1986
Date-Received: Wed, 12-Feb-86 08:28:20 EST
References: <743@cylixd.UUCP> <2813@sunybcs.UUCP> <378@ccivax.UUCP>
Reply-To: ekrell@ucla-cs.UUCP (Eduardo Krell)
Organization: UCLA Computer Science Department
Lines: 21

In article <378@ccivax.UUCP> rb@ccivax.UUCP  writes:

> ..about the DJIA breaking records once again ...
> Are other indicators showing similar gains?

Yes, most of the broad market indecies like the OTC (Over The Counter)
index and the popular S&P 500 are also in new record territory. The AMEX
(American Exchange) has not performed so well lately, but that is because
of its high membership of Energy and Oil industries which are not doing
very well after the last drop in oil prices.

Changes in the DJI components are not made to pick up good stocks
but rather to reflect changes in the US economy and corporate world. One
of the changes was to drop one corporation that was acquired by another
one that was also part of the DJI (don't recall names). It doesn't make
sense to keep both in the DJI, since one is now part of the other.

Changes in the DJI components are not that often.
--
    Eduardo Krell               UCLA Computer Science Department
    ekrell@ucla-locus.arpa      ..!{sdcrdcf,ihnp4,trwspp,ucbvax}!ucla-cs!ekrell