Why I (Largely) Ignore the Dow Jones Industrial Average
[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. At the time the S&P 500 and Nasdaq were in the red but the Dow was up by a few points. I guess some people see what they want to see.
As you may have noticed I usually don’t mention the Dow. There are a couple of reasons for that:
The Dow is only 30 stocks. That’s a tiny sample to …
tagged: Dow_Jones_Industrial_Average, Media, Price-Weighted_Indices and Stock-Index-Composition
