Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Bernardo de La Paz

(60,320 posts)

3. And the Dow is not the stock market. It only vaguely follows it. It is only 30 stock and is price-weighted.

Reply to Ocelot II (Reply #1)

Tue Jul 1, 2025, 10:44 AM

Jul 2025

Which means that a 10% move in $100 dollar stock counts for a lot less than a 5% move in $500 stock.

The Dow is bogus. It was created in the 1890s when hand cranked adding machines were high-tech. Use the S&P 500.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

13 replies

= new reply since forum marked as read

Highlight:

I just don't understand why the Dow is going up... [View all] imanamerican63 Jul 2025 OP

The stock market isn't the economy. Ocelot II Jul 2025 #1

And the Dow is not the stock market. It only vaguely follows it. It is only 30 stock and is price-weighted. Bernardo de La Paz Jul 2025 #3

Also true. The S&P is much more significant, but even that isn't "the economy." Ocelot II Jul 2025 #5

It's more than a sliver. The economic assets of the US and its citizens is about $100 Trillion Bernardo de La Paz Jul 2025 #9

Here's an index for you UpInArms Jul 2025 #2

It's the tail end of President Biden's economy bif Jul 2025 #4

You have to remember that the wealthiest people (top 10%) own walkingman Jul 2025 #6

A lot of people are more invested in the market than they think due to pension funds & insurance funds. . . nt Bernardo de La Paz Jul 2025 #8

The market is over-priced and top-heavy with 7 stocks. And the Dow is bogus. Quit referring to the 1890s. Bernardo de La Paz Jul 2025 #7

Why over-think this? gab13by13 Jul 2025 #10

A business editor I once worked with told me the stock exchange is a perverse allegorical oracle Jul 2025 #11

It always seemed to me Dan Jul 2025 #12

People are dancing in countless TV ads. Wall $treet be happy! RedWhiteBlueIsRacist Jul 2025 #13