(01-04-2018, 12:20 PM)StroudCrowd1 Wrote:

(01-04-2018, 11:43 AM)TJBender Wrote: Again, the concept of using 30 cherry-picked stocks to gauge the entire economy is just stupid. [BLEEP] stupid, and that's before we get to the part about how stocks are kicked off of the exchange frequently so the DJIA can artificially climb or fall to suit the whims of those running it.

All the DJIA tells you is how much richer the rich are today, and how many companies need to fire X number of people to bring their stock price back up before they're expelled from the party.

Keep that in mind when using the DJIA as a measure of economic health: one of the easiest ways for a company to raise its stock price is to lay off a large number of employees. Anyone who doesn't see through that is either willfully ignorant, totally uneducated in the ways of the stock market, or just not paying attention.

You do realize that anybody with an investment account whether it be Warren Buffett or Johnny who puts 4% in his 401(k) with company match are benefiting from this market, right?

I know CNN wants to paint the picture that only the rich are getting richer, but this simply isn't true.