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mopinko

(73,507 posts)

9. just remember this about the dow- it's rigged.

Reply to MineralMan (Original post)

Wed Dec 24, 2014, 10:51 AM

Dec 2014

the dow routinely replaces losers w winners. so, long term, it really doesnt show what most people think it shows.
and i havent watched it that carefully, but now that rupert murdoch owns it, i trust it even less.

short term, it is informative. as a long term historic marker of the economy, not so much.

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Dow 18,000...A Good Thing for Many [View all] MineralMan Dec 2014 OP

Largely in agreement, with a caveat el_bryanto Dec 2014 #1

There is no good news that doesn't have a downside for some. MineralMan Dec 2014 #3

As the gap between top & bottom is the largest in recorded US history, one can only hope NewDeal_Dem Dec 2014 #15

Many of us are invested in the stock market whether we want to be or not. Coventina Dec 2014 #2

That's true. It doesn't apply to me any longer. MineralMan Dec 2014 #4

Even if you have a traditional defined benefit pension you are indirectly in the market. nt kelly1mm Dec 2014 #17

A builder I know told me that business is great right now Nye Bevan Dec 2014 #5

Yes. I'm seeing that, too. MineralMan Dec 2014 #6

unemployment numbers, no question that's a good thing Enrique Dec 2014 #7

Yes, some people question that. However, MineralMan Dec 2014 #8

just remember this about the dow- it's rigged. mopinko Dec 2014 #9

It's actually not a bad long term historical marker of the economy Major Nikon Dec 2014 #12

True. MannyGoldstein Dec 2014 #10

I'm not doing any comparisons with anything. MineralMan Dec 2014 #11

"This recovery occurred during Barack Obama's administration..." MannyGoldstein Dec 2014 #13

I'm not biting, Manny. MineralMan Dec 2014 #14

Manny, you're going to upset the champions of Reagonomics! Zorra Dec 2014 #16

Reaganomics was to the Left of Obama/Hoovernomics MannyGoldstein Dec 2014 #18