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From: lat@druil.UUCP (TepperL)
Newsgroups: net.invest
Subject: Re: Is new Dow Jones High Phoney?
Message-ID: <1675@druil.UUCP>
Date: Thu, 13-Feb-86 15:54:00 EST
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Posted: Thu Feb 13 15:54:00 1986
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From: morse@leadsv.UUCP (Terry Morse)
> ....  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.

Seems to me there was a discussion of this (DJ vs. S&P) on NPR about a 
month ago.  Or was is PBS?  Anyway, some analyst was talking about how
selective the DJ was, and ended with a quip something like ... "The
Dow Jones has correctly predicted 11 of the last 4 recessions."

Huh?  Oh.
-- 
Larry Tepper	    {ihnp4 | allegra}!drutx!druil!lat		+1-303-538-1759