Eugene David
...The One-Minute Pundit

Thursday, April 01, 2004


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.)


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