How Now Outdated Dow

I came across this short blog post by Bianco that's worth your time to read.  It offers an explanation why the Dow Jones Industrial Average, as currently constructed, isn't worth following.

SPX, the S&P 500 index provides a much better picture of the American stock market.

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One Response to How Now Outdated Dow

  1. dave appel 01/26/2009 at 6:07 PM #

    Hi Mark,
    completely agree. I don’t trade any dow etf or derivative because of this. I( am almost 100% S&P trader. It seems the dow only exists for nostalgia. Other wise it is useless . As always great blog !