Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Chuck Jaffe: The Dow Industrial Average Is Not The Stock Market
FYI: I recently made a public appeal for the media to “stop discussing the Dow Jones Industrial Average as if the index actually matters.” I’d love to tell you that editors and decision-makers across the country and around the globe heard that plea – based on the Dow being antiquated and no longer any sort of true gauge of “the market” – and immediately started modernizing their thinking. Regards, Ted http://www.marketwatch.com/story/the-dow-jones-industrial-average-is-not-the-stock-market-2014-10-17/print
