2026-05-07 02:08 UTC
Replies (1)
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@PamelaDrew@gigaohm.bio 2026-05-07 04:31
DJIA - Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on NYSE the New York Stock Exchange & manipulated to drop the losers and hype the winners that in no way represents the performance of the bulk of the market the way it might have when it began and total market was smaller and stock values were based on real growth and earnings.. Long ago the corps made things and accumulated savings that were reinvested for growth in real terms of factories and markets.. all that ended in the 1980s when arbitrage and debt tools turned investing into a casino scheme.. DJIA components have been changed 59 times since its inception, on May 26, 1896 and a quick scroll through the names added & dropped yearly helps to show what a fraud it is to cite DJIA as a measure of overall market performance. https://web.archive.org/web/20260324120239/https://en.wikipedia.org/wiki/Historical_components_of_the_Dow_Jones_Industrial_Average