when is dow jones going to boot gm for GOOG, citi for Cisco

[KeithOmalley]

Quote from Traden4Alpha:

The Dow Jones Industrial Average is an anachronism in an age when physical goods industries account for such a small percentage of the economies of most Western nations. I know some think we should return to our manufacturing roots, but that's the past. I'd bet a lot of people in the 19th century didn't like new-fangled "industry" and thought the economy should go back to it's agricultural roots.

In this day and age, "doing stuff" (service) is more valuable than "making stuff" (manufacturing) which is more valuable than "growing stuff" (agriculture).

Perhaps it's time to retire the Dow?

you put it best "INDUSTRIAL" average. its not the dow jones qqq average. maybe if google split it would be cute to have them in the average

 

[Traden4Alpha]

Quote from risktaker:

I see. So writing some bullshit report to con idiots out of their money is more important than growing corn or animals to feed billions of people.

I don't think you'd be saying this if you ever had to go hungry for even 1 day. Who knows, I hope it won't be anytime soon.

I did not say "more important." I said "more valuable" in the bigger scheme of things. Brake pads on a car are extremely important, but they are not extremely valuable.

Food and most industrial products are becoming low-cost commodities that require a decreasing percentage of the household budgets and provide a decreasing percentage of jobs. To the extent that the Dow is suppose to represent the U.S. economy, it should be weighted toward those businesses that represent the largest portions of the economy.

 

[BlueStreek]

enough is enough, GM needs to be ousted within a week, industrial is meant in the sense of "Captions of Industry" not strictly speaking "Industrial" type companies.

How about Excelon then, a solid company?