%% I never have figured out why the DOW is a media darling,so i watch DIA sometimes LOL. I wish the WSJ would disclose they goof PEcharts up so much cause they -promote DOW/Dow Jones , front page,WSJ .....1929 -1930s most likely up better % but you maybe right. NOT long or short DIA, but frankly that is strange why 30 old time stocks would do much better than 500/SPY benchmark?? 500 do mostly better.NOT a prediction. News media reported DOW up 10 days in a row,last year,conservative radio usually right, but DIA was NOT closed up near 10 days in a row.LOL-LOL
Market makers are becoming wiser, finance is a new science and we are learning. It should be expected that our composite value-generating ability will increase with time. Also once heard it said that ellipsis are good indicators of paranoia..(.) Just messing with you buddy.
I think we can expect a generalized gain over the next 3 years. High profitability will attract and support irresponsible behavior that will cause a plateau in volume, followed by plateau in capitalization. Reflexive behavior will then initiate wide scale shorting and evacuation without any real loss of intrinsic value, followed by confident buyback. And the market marches on. Small recession will occur in small bursts and I think a larger one in 4-5 years. Panic will far outweigh its merit.
%% Another problem with a run away trend, Volene-00; they can end, but good thing a good trend does NOT end- easy... LOL Support+ resistance can get goofed; when they split the stock a bunch of times.I remember the chart, cause i saved the barchart in WSJ ======Time INC +Warner merger,TIME INC chart almost made $200 .1989 more or less. BUT i still have the WSJ chart .... NYT article noted[MARCH 1989 ]read today= noted TIME INC stock closed @ $$109/, merger day/+, + I dont remember all the details except WSJ had some good articles, saved some of them. Prefer IBD , but WSJ has always had better merger + a...... info. Another thing wall street was trying to figure,, if it was going to be Time- Warner or War-Time LOL.
%% Good reminder, big TV. I dont really hate the DOW/DIA, but it would be easy to hate LOL. MODERN TRADER magazine [JAN] HAS average DOW gain, JAN=00.85% ;, NasdaQQQ average JAN gain 2.56%, S&P 500[SPY] 0.94 %..............................................
Agreed, the Dow is certainly not the best measure of the market-at-large. It does, however, have the benefit if giving you survivorship bias of you restrict your trading to those stocks in it. The old men who maintain it will get you out of the Woolworths, Intl Harversters, Manvilles, Xerox's etc before they crash and burn. And there is GE.....fighting for it;s life.....
%% Agree rvince99; about 95% ,maybe more.....They were the ones that kicked [C] Citigroup out of the DOW if i remember right?? Citigroup has good customer service in Credit Card sector, but they reverse split the stock 10 to 1, meaning $75/+ current price is really $7.50. LOL Sorry most charts do not disclose that