posted on Feb, 25 2009 @ 11:28 PM
You may not have noticed it because (like so much else that is important these days) it was done very quietly, but recently (I think earlier this week
or sometime last week) they changed the makeup of the Dow index, dropping several financial companies that had fallen to deep lows.
The Dow is an index of 25 different large companies, I believe, and it has changed over time...almost none of the original companies on the index
almost a century ago are on it now (most don't even exist anymore, like Standard Oil). There is certainly nothing wrong with making changes to the
index per se. Yet the recent change is deceptive because without it the Dow would be much lower, possibly in the low 6,000 range. I believe the change
was made not to provide extra and more relevant information to the investing public (which is why it should be changed when it is) but rather to
deceive and to project the image that things are better than they really are.
[edit on 25-2-2009 by silent thunder]