Michelle B submits: Several bloggers have commented recently about CNBC’s excitable coverage of the Dow Jones Industrial Average setting a record. Since a price-weighted index containing a very small number of stocks is fairly insignificant in the trading world, why did CNBC latched onto to this relatively unimportant event?
During the time of the technology [...]
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CNBC’s Dow Powwow*
Posted by Michelle B in October 11th, 2006
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Posted in: Michelle B's Posts, Stock Market Tags in: CNBC, Dow_Jones_Industrial_Average, Jim_Cramer, Media, psychology, Risk Management and Tape_Reading
Why I (Largely) Ignore the Dow Jones Industrial Average
Posted by Michael in May 11th, 2006
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Posted in: Stock Market Tags in: Dow_Jones_Industrial_Average, Media, Price-Weighted_Indices and Stock-Index-Composition
[begin soapbox]
All the hype talk about the Dow being close to a new high has been driving me nuts. It always annoys me when people refer to the Dow as “the market”. Just yesterday I heard a couple of people on CNBC look at the indices and say that “the market” was up. [...]
