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Originally posted by xoxo stacie
reply to post by Komodo
A whole lot more companies banks and financial institutions have been created since then. The dow hitting a 4000 level would mean more than half of them went belly up.
Originally posted by redhatty
reply to post by xoxo stacie
Sorry Stacie, have to correct you here. No matter how many companies have been created, the Dow only tracks 30 companies. The Dow going to 5000 or 4000 could happen with JUST GE going to zero.
The S&P 500 is a better economic indicator, it tracks 500 companies.
IF the S&P goes to 500 then we will see a chain reaction of companies going BK, pensions being lost, etc.