The Dow Jones Industrials’ Unimpressive 5-Week Selling Streak Could Become A Meaningful Prelude

The CNBC headline sounds scary: “Dow rises nearly 100 points, but posts longest weekly losing streak since 2011“. It sounds like sellers have gripped the stock market! Normally, I ignore the Dow Jones Industrial because it is meaningless as an unrepresentative price-weighted index, but I could not ignore this headline. At first blush, I thought … Read more

General Electric’s Removal from the Dow (Re)Exposed the Index’s Key Flaw

The big index news of last week was General Electric (GE) getting dumped by the Dow Jones Industrial Average (DJIA) index. The index managers at the Dow picked Walgreens Boots Alliance (WBA) to replace GE. Source: I wish the entire Dow index could follow after GE. Traders do not use the Dow for anything … Read more