Posted
11:23 AM
by Gene
Dow Jones jiggles its Industrial Average again.
With all that jiggling it's worse than Jell-O.
(Actually, the last change [I learn very abashedly] was in '99. Still, as
USA OKAY points out, " [T]here's no guarantee the stocks they add will fare better than the ones they eliminate. In fact, the last four stocks added to the Dow are down an average of 31% since their closes before the announcement back in 1999, while the Dow itself is up 0.3%." The business of America is monkey business.)