I admit I am a real novice at this, but I learned something today that I want to share. I was trying to find out what the Dow Jones Industrial Average was when Clinton left office. What I found? It doesn't really matter.
There are 30 companies included in the average. However, they are not the same companies. Only 15 of the 30 are the same as when Clinton was in office. The most astounding thing to me is that AIG was removed on September 22, 2008! What good is an "average", if it is based on different companies?
Visit http://www.djindexes.com/mdsidx/downloads/DJIA_Hist_Comp.pdf to see history of what companies are included in the DJIA, and when they were added or deleted.
I would like to know who picks the companies that are included, and what criteria is used.
Friday, October 3, 2008
Monday, September 22, 2008
WEIRD, BIZARRE and UNUSUAL, is a growing archive of true events compiled from a variety of sources. It covers every conceivable subject. Please visit my Website at www.chewednews.com
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