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Posted 9:35 AM EST January 18, 2008
Posted by: goarmy1
It is a great article! The Dow Jones IA is completely irrevelent, but nobody has the guts to say so and discard it. If you think that 30 stocks can represent the entire industrial and service strength of the US, then you also believe in the Easter Bunny. So how much longer are we going to have to listen to stupid people talking about the DJIA?
The other stupid thing that is pushed in our face is 'Analyst sales and earnings projections.' Why would anyone with a brain, listen to people who do not work for a corporation, but who profess to know to the penny a corporations's sales and earnings projectons?
Posted 2:44 PM EST January 17, 2008
Posted by: mmiskin
I also agree but this is already been covered in the finance world and investment firms are coming to the morket with indices that cover global performance. MSCI index and FTSE Global indexes are good ones. The use of ETFs as a comparison is also a viable option. The S&P and Dow are way overused and grossley understood. One being a value weighted index and the other being a price weighted index.
Posted 1:03 PM EST January 17, 2008
Posted by: Oneslip
I completely agree with this article. This is how most portfolio's should be constructed, I would also include foreign real estate as well.
The other stupid thing that is pushed in our face is 'Analyst sales and earnings projections.' Why would anyone with a brain, listen to people who do not work for a corporation, but who profess to know to the penny a corporations's sales and earnings projectons?