Overnight Jun 4, 2024 #11 jys78 said: DJIA is an outdated, somewhat irrelevant index today. The "share price" weighting is a holdover from the days when things were manually calculated by pencil and paper. Other than low level mainstream "news", the world has moved on. More... Meanwhile most of the MSM still use that as the bellwether in their reporting of "what the market did" on any given day. I understand why vanzandt rails against it. I just thought it a funny mental exercise.
jys78 said: DJIA is an outdated, somewhat irrelevant index today. The "share price" weighting is a holdover from the days when things were manually calculated by pencil and paper. Other than low level mainstream "news", the world has moved on. More... Meanwhile most of the MSM still use that as the bellwether in their reporting of "what the market did" on any given day. I understand why vanzandt rails against it. I just thought it a funny mental exercise.
N nitrene Jun 5, 2024 #12 If NVDA goes into the DJIA it may no longer be a value index. It would disrupt the SPY = [(QQQ+DIA)/2] equation.
If NVDA goes into the DJIA it may no longer be a value index. It would disrupt the SPY = [(QQQ+DIA)/2] equation.
