GM and Citi may be removed from Dow.

[Cali Coug]

Wow- what a shocker.

http://www.nypost.com/seven/03112009...ing_158961.htm

Where are Tex and Indy to tell us all how the Dow isn't at all arbitrary and how it really is a good measuring stick for the economy?

[MikeWaters]

In other news, approximately 500 stocks will be removed from the S&P 500 due to concerns that they reflect poorly on Geithner and Obama.

[Tex]

Originally Posted by Cali Coug

Wow- what a shocker.

http://www.nypost.com/seven/03112009...ing_158961.htm

Where are Tex and Indy to tell us all how the Dow isn't at all arbitrary and how it really is a good measuring stick for the economy?

What Cali leaves out of his post is that the move would be considered in the event the gov't might take over one or both.

No surprise that Dow Jones wouldn't want a nationalized company in it's list. Tax payer-funded businesses don't play by the same rules.

[Indy Coug]

Originally Posted by Cali Coug

Wow- what a shocker.

http://www.nypost.com/seven/03112009...ing_158961.htm

Where are Tex and Indy to tell us all how the Dow isn't at all arbitrary and how it really is a good measuring stick for the economy?

What makes you think myself or Tex has some vested interest in defending the DJIA?

Since when has the DJIA been the only valid measure, let alone the most valid measure? What the DJIA has going for it is age and name recognition, and that's about it.

[Cali Coug]

Originally Posted by Indy Coug

What makes you think myself or Tex has some vested interest in defending the DJIA?

Since when has the DJIA been the only valid measure, let alone the most valid measure? What the DJIA has going for it is age and name recognition, and that's about it.

Tex has adamantly defended the use of the Dow as an excellent benchmark for the economy. You two are identical twins, so guilt by association.

[Tex]

Originally Posted by Cali Coug

Tex has adamantly defended the use of the Dow as an excellent benchmark for the economy. You two are identical twins, so guilt by association.

Here's what Cali calls an "adamant" defense of an "excellent" benchmark:

Originally Posted by Tex

A perfect barometer it is not. No such thing exists. But it is one of several decent indicators of economic confidence

I wonder if he can even tell the line between lying and trolling anymore.

[Indy Coug]

Originally Posted by Cali Coug

Tex has adamantly defended the use of the Dow as an excellent benchmark for the economy. You two are identical twins, so guilt by association.

You are a lawyer, correct? Do you actually get to cross-examine people in a courtroom? If so, do you hear a lot of snickering in the background while you're working your magic? Do they make you wear a special helmet so you don't hurt yourself while doing it?

[Cali Coug]

Hey- Tex, your Obama tracking poll has been up for three days! The market must LOVE Obama for the past 3 days!

Some minutes of the day it looks like they don't love him, but then they recall that they do and climb upwards. The Dow is so relevant.

[MikeWaters]

Does Cali listen to or follow any economic news?

[Cali Coug]

Originally Posted by MikeWaters

Does Cali listen to or follow any economic news?

If the Dow is an Obama tracking poll, as Tex suggests, then any improvement must be an indication that the market opinion of Obama is improving, and any downturn must reflect a downturn of the opinion of Obama. Which is, of course, a silly notion.