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From: morse@leadsv.UUCP (Terry Morse)
Newsgroups: net.invest
Subject: Re: Is new Dow Jones High Phoney?
Message-ID: <814@leadsv.UUCP>
Date: Tue, 11-Feb-86 20:51:14 EST
Article-I.D.: leadsv.814
Posted: Tue Feb 11 20:51:14 1986
Date-Received: Wed, 12-Feb-86 22:00:59 EST
References: <743@cylixd.UUCP> <2813@sunybcs.UUCP> <378@ccivax.UUCP> <715@laidbak.UUCP>
Distribution: na
Organization: Lockheed, Sunnyvale CA
Lines: 11
Summary: new Dow vs old Dow

The Dow Jones 30 is tinkered with from time to time.  The latest thing they
did was to remove Chrysler and add IBM.  Since then Chrysler practically
skyrocketed and IBM just plodded along.  If they hadn't tinkered with these
two Dow components, the Dow Jones 30 would now be over 2000.  So remember
how narrowly based the Dow 30 really is.  Take a look at the S&P 500 for a
better indication of market performance.  If the news media would quote a
better indicator, then we could all begin to ignore the Dow 30.
-- 

Terry Morse  (408)743-1487
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