DJIA Hits 25K

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DJIA Hits 25K

The Real Marty
Really
Posts: 16,282
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Joined: Aug 2003
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#12

01-04-2018, 06:20 PM

(01-04-2018, 11:43 AM)TJBender Wrote:
(01-04-2018, 10:40 AM)StroudCrowd1 Wrote: DJIA passed 25K today. Lets see where it ends up. Amazing.

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.

That's complete nonsense. You really need to educate yourself better if you believe that.

Messages In This Thread

DJIA Hits 25K - by StroudCrowd1 - 01-04-2018, 10:40 AM

RE: DJIA Hits 25K - by The Real Marty - 01-04-2018, 11:02 AM

RE: DJIA Hits 25K - by TJBender - 01-04-2018, 11:43 AM

RE: DJIA Hits 25K - by StroudCrowd1 - 01-04-2018, 12:20 PM

RE: DJIA Hits 25K - by TJBender - 01-04-2018, 01:05 PM

RE: DJIA Hits 25K - by HURRICANE!!! - 01-04-2018, 01:36 PM

RE: DJIA Hits 25K - by StroudCrowd1 - 01-04-2018, 03:19 PM

RE: DJIA Hits 25K - by HURRICANE!!! - 01-04-2018, 06:06 PM

RE: DJIA Hits 25K - by StroudCrowd1 - 01-04-2018, 06:10 PM

RE: DJIA Hits 25K - by HURRICANE!!! - 01-04-2018, 06:14 PM

RE: DJIA Hits 25K - by TJBender - 01-04-2018, 07:50 PM

RE: DJIA Hits 25K - by The Real Marty - 01-05-2018, 10:18 AM

RE: DJIA Hits 25K - by StroudCrowd1 - 01-05-2018, 10:49 AM

RE: DJIA Hits 25K - by Kane - 01-05-2018, 03:32 PM

RE: DJIA Hits 25K - by jagibelieve - 01-05-2018, 04:30 PM

RE: DJIA Hits 25K - by Kane - 01-05-2018, 05:30 PM

RE: DJIA Hits 25K - by MalabarJag - 01-09-2018, 10:34 PM

RE: DJIA Hits 25K - by The Real Marty - 01-04-2018, 06:20 PM

RE: DJIA Hits 25K - by The Drifter - 01-04-2018, 05:39 PM

RE: DJIA Hits 25K - by jagibelieve - 01-04-2018, 06:39 PM

RE: DJIA Hits 25K - by StroudCrowd1 - 01-05-2018, 05:04 PM

RE: DJIA Hits 25K - by StroudCrowd1 - 01-10-2018, 09:40 AM

RE: DJIA Hits 25K - by The Real Marty - 01-10-2018, 10:52 AM

RE: DJIA Hits 25K - by StroudCrowd1 - 01-11-2018, 05:09 PM

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