Posts Tagged ‘dow jones company’

Charles Dow Rolls in His Grave: The Distortion of the Average He Made Famous

Friday, March 6, 2009 17:57 6 Comments

Have you ever asked yourself why the Dow Jones Industrial Average contains non-industrial stocks? Why such a large weighting is given to financial companies such as American Express, Bank of America, Citigroup, JP Morgan and AIG (Before its removal)? After all, you wouldn’t expect to see General Motors included in the healthcare index or Goldman [...]

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