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A recent graph that illustrates a trading range from the mid-7,000 level to the 14,000 level aside from a low in the mid-6000 level in early 2009. Basically, the average traded at or near the 10,000 range for most of the decade.
.
Recent logarithmic graph of the DJIA from Jan 2000 through Oct 2009.
A historical graph.</span><span class=^ Historical logarithmic graph of the DJIA from 1896 through Mar 2009.

^ DJIA TIME LINE 2000-2009 .
  • Dow Jones Industrial Average 2000-2009 - Milestones Professional software for making timeline charts 19 January 2010 9:54 UTC www.timelinesoftware.com [Source type: General]

^ On February 23, 2009, due to further market speculation of nationalization the DJIA closed at a 11-year low of 7114.78, last reached in Oct.
  • Dow Jones | Dow Jones History | DJIA | DJIA History 19 January 2010 9:54 UTC stockkrios.com [Source type: News]

.From a starting point of under 50 in the late 1890s to a high reached above 14,000 in the late 2000s, the Dow rises periodically through the decades with corrections along the way eventually settling in the mid-10,000 range within the last 10 years."^ Dow Tops 14,000 .
  • Dow Jones Industrial Average | Access Loans 19 January 2010 9:54 UTC accessloans.net [Source type: General]

^ Within the last year .
  • What is the Dow Jones Industrial Average - Business Exchange 19 January 2010 9:54 UTC bx.businessweek.com [Source type: FILTERED WITH BAYES]

^ It has been more than a year since the Dow closed above 10,000.
  • Dow Jones Industrial Average Passes 10,000 - washingtonpost.com 19 January 2010 9:54 UTC www.washingtonpost.com [Source type: News]
  • Dow Jones Industrial Average Passes 10,000 - washingtonpost.com 19 January 2010 9:54 UTC www.washingtonpost.com [Source type: News]
  • Dow Jones Industrial Average Passes 10,000 - washingtonpost.com 19 January 2010 9:54 UTC www.pheedcontent.com [Source type: News]

src="http://images-mediawiki-sites.thefullwiki.org/07/2/9/4/13596431201955653.png" width="380" height="190" class="thumbimage" />
Historical logarithmic graph of the DJIA from the 1890s to the 2010s.
.The Dow Jones Industrial Average, also referred to as the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is one of several stock market indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.^ In short, the Dow Jones Industrial Average, which is commonly referred to as simply “The Dow,” is one of several different indices that are used to measure the activity on the stock market.
  • Taking a Closer Look at the Dow Jones Industrial Average | Credit Card Assist Blog 19 January 2010 9:54 UTC www.creditcardassist.com [Source type: General]

^ The Dow Jones Industrial Average is one of several stock market indices, created by nineteenth-century Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.
  • Dow Jones | Dow Jones History | DJIA | DJIA History 19 January 2010 9:54 UTC stockkrios.com [Source type: News]

^ A rubber manufacturer founded by Charles R. Flint in 1892, it became one of the original 12 stocks in the Dow Jones Industrial Average.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

.The average is named after Dow and one of his business associates, statistician Edward Jones.^ Dow Jones Industrial Average on twitter .
  • Dow Jones Industrial Average News - The Sacramento Bee 19 January 2010 9:54 UTC topics.sacbee.com [Source type: News]

^ "Dow Jones industrial average."
  • Dow Jones industrial average - Definition of Dow Jones industrial average at YourDictionary.com 19 January 2010 9:54 UTC www.yourdictionary.com [Source type: General]

^ The industrial average was introduced in 1884 by Charles Dow and Edward Jones.
  • News Corp puts Dow Jones index business up for sale - Telegraph 16 October 2009 6:12 UTC www.telegraph.co.uk [Source type: News]

.It is an index that shows how 30 large, publicly-owned companies based in the United States have traded during a standard trading session in the stock market.^ Is it an indication of the state of the stock market?
  • The Simple Dollar » The Meaning of the Dow Jones Industrial Average 19 January 2010 9:54 UTC www.thesimpledollar.com [Source type: General]

^ The index is composed of 30 large stocks from a wide spectrum of industries.
  • The Dow Jones Industrial Average 19 January 2010 9:54 UTC news.morningstar.com [Source type: FILTERED WITH BAYES]

^ Major United States stock market indices .
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

[1] .It is the second oldest U.S. market index after the Dow Jones Transportation Average, which Dow also created.^ Free Resources: dow jones index .
  • Dow Jones Index - Free Resources - Forex and Futures Trading Management 16 October 2009 6:12 UTC forex-futures-trading.com [Source type: General]

^ Dow Jones Industrial Average on twitter .
  • Dow Jones Industrial Average News - The Sacramento Bee 19 January 2010 9:54 UTC topics.sacbee.com [Source type: News]

^ Dow Jones (industrial) average noun .
  • the Dow Jones (industrial) average - Definition of the Dow Jones (industrial) average noun from Cambridge Dictionary Online: Free English Dictionary and Thesaurus 19 January 2010 9:54 UTC dictionary.cambridge.org [Source type: News]

.The Industrial portion of the name is largely historical, as many of the modern 30 components have little or nothing to do with traditional heavy industry.^ The "industrial" portion of the name is largely historical—many of the 30 modern components have little to do with heavy industry.
  • Dow Jones Industrial Average 19 January 2010 9:54 UTC www.uslaw.com [Source type: FILTERED WITH BAYES]

^ The "industrial" portion of the name is largely historical - many of the 30 modern components have little to do with heavy industry.
  • Dow Jones Industrial Average Index 19 January 2010 9:54 UTC www.ereport.ru [Source type: FILTERED WITH BAYES]

^ The "industrial" portion of the name is largely historical—many of the 30 modern components have little to do with traditional heavy industry.
  • Dow Jones | Dow Jones History | DJIA | DJIA History 19 January 2010 9:54 UTC stockkrios.com [Source type: News]
  • Dow Jones Industrial Average, Stock Market Index - News - Evri 19 January 2010 9:54 UTC www.evri.com [Source type: News]
  • Dow Jones Index 16 October 2009 6:12 UTC dowindex.net [Source type: News]

.The average is price-weighted, and to compensate for the effects of stock splits and other adjustments, it is currently a scaled average.^ The average of these stocks is then price-weighted and a scaled average is used in order to compensate for stock splits and other adjustments that could harshly affect the average.
  • Taking a Closer Look at the Dow Jones Industrial Average | Credit Card Assist Blog 19 January 2010 9:54 UTC www.creditcardassist.com [Source type: General]

^ To compensate for the effects of stock splits and other adjustments, it is currently a scaled average, not the actual average of the prices of its component stocks—the sum of the component prices is divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, to generate the value of the index.
  • Dow Jones Industrial Average 19 January 2010 9:54 UTC www.uslaw.com [Source type: FILTERED WITH BAYES]
  • Dow Jones | Dow Jones History | DJIA | DJIA History 19 January 2010 9:54 UTC stockkrios.com [Source type: News]
  • Dow Jones Industrial Average, Stock Market Index - News - Evri 19 January 2010 9:54 UTC www.evri.com [Source type: News]
  • Dow Jones Index 16 October 2009 6:12 UTC dowindex.net [Source type: News]

^ It's a price-weighted average of those stocks.
  • Dow Jones Industrial Average Falls Below 11,000 | ThinkGlink 19 January 2010 9:54 UTC www.thinkglink.com [Source type: General]

.The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.^ Events like stock splits or changes in the list of the companies composing the index alter the sum of the component prices.
  • Dow Jones | Dow Jones History | DJIA | DJIA History 19 January 2010 9:54 UTC stockkrios.com [Source type: News]
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ The calculation is also changed to reflect stock splits.

^ Average U.S. real estate price divided by Dow Industrial .

.Along with the NASDAQ Composite, the S&P 500 Index, and the Russell 2000 Index, the Dow is among the most closely-watched benchmark indices tracking targeted stock market activity.^ The Dow is the most watched stock index in the world.

^ The most popular index is the Standard & Poor's 500 Stock Index.
  • Pletschet: Dow Jones Average best stocks gauge for investors - ContraCostaTimes.com 19 January 2010 9:54 UTC www.contracostatimes.com [Source type: News]

^ NASDAQ Stock Market is born.
  • The Dow Jones Industrial Average Climb to 10000 19 January 2010 9:54 UTC www.cftech.com [Source type: News]

.Although Dow compiled the index to gauge the performance of the industrial sector within the American economy, the index's performance continues to be influenced by not only corporate and economic reports, but also by domestic and foreign political events such as war and terrorism, as well as by natural disasters that could potentially lead to economic harm.^ The performance of this index has become a major indicator of the American economy, and is influenced by domestic corporate and economic reports, and domestic and foreign political events.
  • PERL Mortgage :: Your Lender for Life » dow jones industrial average 19 January 2010 9:54 UTC perlmortgage.com [Source type: News]

^ If the corporation is doing well, the ascent could continue.
  • Changes In The Dow Jones Industrial Average - 2 19 January 2010 9:54 UTC www.hedge-hog.com [Source type: FILTERED WITH BAYES]

^ Dow compiled the index as a way to gauge the performance of the industrial component of America's stock markets .
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

.Components of the Dow trade on both the NASDAQ OMX and the NYSE Euronext, two of the largest stock market companies.^ NASDAQ Stock Market is born.
  • The Dow Jones Industrial Average Climb to 10000 19 January 2010 9:54 UTC www.cftech.com [Source type: News]

^ The Nasdaq lists over 3,200 companies and is the largest equity securities trading market in the U.S. .
  • How Does the Dow Jones Industrial Average Work? - For Dummies 19 January 2010 9:54 UTC www.dummies.com [Source type: General]

^ That is: where p are the prices of the component stocks and d is the Dow Divisor.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

.Derivatives of the Dow trade on the Chicago Board Options Exchange and through CME Group, the world's largest futures exchange company.^ In addition, Dow futures and option contracts trade actively on the Chicago Board of Trade (CBOT).
  • NEW !! What is the Dow Jones Industrial Average? The DJIA, Stock Indexes, and The Companies That Made It Great 19 January 2010 9:54 UTC www.surfersam.com [Source type: News]

^ Derivatives of the Dow trade on the Chicago Board Options Exchange and through the CME Group, which is the world's largest futures exchange company.

^ VIX: 66.65 Change: +16.65 (+31.14%) The Chicago Board Options Exchange Volatility Index took off like a rocket as stock markets around the world tanked.
  • Dow Jones Industrial Average Entries (Dealscape) 19 January 2010 9:54 UTC www.thedeal.com [Source type: General]

.Currently, the CME Group has signed a deal with Dow Jones to acquire 90% of the latter firm's indexing business, including the Dow Jones Industrial Average.^ Dow Jones industrial average found at 0:06 .
  • "Dow Jones industrial average" - Boston.com Multimedia Search 19 January 2010 9:54 UTC multimedia.boston.com [Source type: News]

^ Crain's covers Dow Jones Industrial Average .
  • Dow Jones Industrial Average - News | Crain's New York Business 19 January 2010 9:54 UTC www.crainsnewyork.com [Source type: News]

^ Dow Jones Industrial Average Index Chart October 2008 to October 2009.

[2][3]

Contents

Companies included in the DJIA

The Dow Jones Industrial Average consists of the following 30 companies:[4]
Company Symbol Industry Date Added
3M MMM Conglomerate 1976-08-09 1976-08-09 (as Minnesota Mining and Manufacturing)
Alcoa AA Aluminum 1959-06-01 1959-06-01 (as Aluminum Company of America)
American Express AXP Consumer finance 1982-08-30 1982-08-30
AT&T T Telecommunication 1999-11-01 1999-11-01 (as SBC Communications)
Bank of America BAC Banking 2008-02-19 2008-02-19
Boeing BA Aerospace and defense 1987-03-12 1987-03-12
Caterpillar CAT Construction and mining equipment 1991-05-06 1991-05-06
Chevron Corporation CVX Oil & gas 2008-02-19 2008-02-19
Cisco Systems CSCO Computer networking 2009-06-08 2009-06-08
Coca-Cola KO Beverages 1987-03-12 1987-03-12
DuPont DD Chemical industry 1935-11-20 1935-11-20 (also 1924-01-22 to 1925-08-31)
ExxonMobil XOM Oil & gas 1928-10-01 1928-10-01 (as Standard Oil)
General Electric GE Conglomerate 1907-11-07 1907-11-07
Hewlett-Packard HPQ Technology 1997-03-17 1997-03-17
The Home Depot HD Home improvement retailer 1999-11-01 1999-11-01
Intel INTC Semiconductors 1999-11-01 1999-11-01
IBM IBM Computers and technology 1979-06-29 1979-06-29
Johnson & Johnson JNJ Pharmaceuticals 1997-03-17 1997-03-17
JPMorgan Chase JPM Banking 1991-05-06 1991-05-06 (as J.P. Morgan & Company)
Kraft Foods KFT Food processing 2008-09-22 2008-09-22
McDonald's MCD Fast food 1985-10-30 1985-10-30
Merck MRK Pharmaceuticals 1979-06-29 1979-06-29
Microsoft MSFT Software 1999-11-01 1999-11-01
Pfizer PFE Pharmaceuticals 2004-04-08 2004-04-08
Procter & Gamble PG Consumer goods 1932-05-26 1932-05-26
Travelers TRV Insurance 2009-06-08 2009-06-08
United Technologies Corporation UTX Conglomerate 1939-03-14 1939-03-14 (as United Aircraft)
Verizon Communications VZ Telecommunication 2004-04-08 2004-04-08
Wal-Mart WMT Retail 1997-03-17 1997-03-17
Walt Disney DIS Broadcasting and entertainment 1991-05-06 1991-05-06

Former components

.The individual components of the DJIA are occasionally changed as market conditions warrant.^ The first hint is generally a decline in the stock market, which typically anticipates changing economic conditions by 6 to 9 months [1] , during the year following a Presidential election year.

.When companies are replaced, the scale factor used to calculate the index is also adjusted so that the value of the average is not directly affected by the change.^ When companies are replaced, the scale factor used to calculate the index is also adjusted so that the value of the average is not directly affected by the change.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ The average is price weighted but it is calculated in a manner in which stock splits and dividends will be accounted for.  These items do not fundamentally change the value of the company, yet they affect the price of the stock.  Therefore, in order to calculate the index consistently, the DJIA is calculated by dividing the aggregate stock prices of the components by a Dow Divisor.  The Dow Divisor maintains historical continuity of the index.
  • Dow Jones Industrial Average - Gauge for US Economy 19 January 2010 9:54 UTC www.mysmp.com [Source type: News]

^ A $1 increase in a $5 stock's value is a much larger percentage gain than a $1 increase in a $200 stock, for example, but both price changes affect the Dow in the same way.
  • Index:Dow Jones Industrial Average (DJI) 19 January 2010 9:54 UTC www.wikinvest.com [Source type: General]
  • Index:Dow Jones Industrial Average (DJI) 19 January 2010 9:54 UTC www.wikinvest.com [Source type: General]

A summary of the more recent changes to the index include the following:
.
  • On June 8, 2009, General Motors and Citigroup were replaced by The Travelers Companies and Cisco Systems, which became the third company traded on the NASDAQ to be part of the Dow.^ CNNMoney: Dow, Nasdaq at 2009 highs .
    • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.cnn.com [Source type: News]
    • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.edition.cnn.com [Source type: News]

    ^ Excluding thinly traded Berkshire Hathaway Inc., Bank of America and Chevron are the two biggest U.S. companies by market capitalization which currently aren't in the Dow industrials.
    • Bank of America, Chevron Added to Dow Industrials - WSJ.com 19 January 2010 9:54 UTC online.wsj.com [Source type: News]

    ^ All bonds trade over-the-counter, as do unlisted stocks (generally, stocks of smaller companies that do not qualify for listing on an exchange).
    • How Does the Dow Jones Industrial Average Work? - For Dummies 19 January 2010 9:54 UTC www.dummies.com [Source type: General]

    [5]
  • .
  • On September 22, 2008, Kraft Foods replaced AIG in the index.^ The composition of the Dow Jones Industrial Average, as of September 22, 2008: [1] .
    • Index:Dow Jones Industrial Average (DJI) 19 January 2010 9:54 UTC www.wikinvest.com [Source type: General]
    • Index:Dow Jones Industrial Average (DJI) 19 January 2010 9:54 UTC www.wikinvest.com [Source type: General]

    ^ Commentary  1091 September, 2009 Data: The performance ranking of the Dow Industrial Index relative to the other 22 stock indexes covered in this site is detailed below.
    • Dow Industrial Average Graph 19 January 2010 9:54 UTC forecast-chart.com [Source type: General]

    [6]
  • .
  • On February 19, 2008, Altria Group and Honeywell were replaced by Chevron and Bank of America.^ February 19, 2008 .
    • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

    ^ Altria Group and Honeywell were replaced by Chevron Corp and Bank of America on February 19, 2008.
    • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

    ^ Excluding thinly traded Berkshire Hathaway Inc., Bank of America and Chevron are the two biggest U.S. companies by market capitalization which currently aren't in the Dow industrials.
    • Bank of America, Chevron Added to Dow Industrials - WSJ.com 19 January 2010 9:54 UTC online.wsj.com [Source type: News]

    .Previously a Dow component since 1985, Chevron's share price split-adjusted, had gained about 235% during the time it was no longer a component between 2003 and 2008; as the high price of petroleum helped to propel oil contracts towards the $150 per-barrel mark.^ Its shares have surged 67% since Mark outpacing the Dow's 63% gain.
    • Dan Kolber: Stock Market News & Commentary: 1/14/10 Thurs. am Hershey to Bid for Cadbury; MSFT & HPQ in Marketing Deal; Merck Up 3.78% on Analyst Upgrade 19 January 2010 9:54 UTC intellivestsecurities.blogspot.com [Source type: News]

    ^ The price of oil per barrel was up by 4.56 yesterday.
    • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

    ^ A $1 increase in a $5 stock's value is a much larger percentage gain than a $1 increase in a $200 stock, for example, but both price changes affect the Dow in the same way.
    • Index:Dow Jones Industrial Average (DJI) 19 January 2010 9:54 UTC www.wikinvest.com [Source type: General]
    • Index:Dow Jones Industrial Average (DJI) 19 January 2010 9:54 UTC www.wikinvest.com [Source type: General]

    .Alternatively, the components that replaced it during that same time frame had each lost up to 30% of their values.^ During fat, dumb, and happy times of prosperity, companies loosen up and efficiency gradually declines.

    ^ The Dow Jones Industrial Average lost 2.63% of its value, with the Nasdaq Composite Index giving up 2.67%.
    • Dow Jones Industrial Average Posts -- BloggingStocks 19 January 2010 9:54 UTC www.bloggingstocks.com [Source type: News]

    ^ I went through all DJIA component stocks (Dow 30) to find out what the fair value the Dow is.
    • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

    It is conceivable that had Chevron been a component in the index during this 5-year period, the Dow may well have surpassed the 15,000 point level.

History

.The Dow Jones Industrial Average was founded by Charles Dow on May 26, 1896, and represented the dollar average of 12 stocks from leading American industries.^ Dow Jones industrial average found at 0:06 .
  • "Dow Jones industrial average" - Boston.com Multimedia Search 19 January 2010 9:54 UTC multimedia.boston.com [Source type: News]

^ "Dow Jones industrial average" - Boston.com Multimedia Search .
  • "Dow Jones industrial average" - Boston.com Multimedia Search 19 January 2010 9:54 UTC multimedia.boston.com [Source type: News]

^ The Dow Jones Industrial Average stood at 465.82 on Oct.

Previously in 1884, Mr. Dow had composed an initial stock average called the Dow Jones Averages; which contained nine railroads and two industrial companies that appeared in the Customer's Afternoon Letter, a daily two-page financial news bulletin which was the precursor to The Wall Street Journal. .Of the original 12 stocks forming the Dow Jones Industrial Average compiled later in 1896, no longer railroad stocks, but purely industrial stocks, only General Electric is currently part of that index.^ Dow Jones industrial average found at 0:06 .
  • "Dow Jones industrial average" - Boston.com Multimedia Search 19 January 2010 9:54 UTC multimedia.boston.com [Source type: News]

^ "Dow Jones industrial average" - Boston.com Multimedia Search .
  • "Dow Jones industrial average" - Boston.com Multimedia Search 19 January 2010 9:54 UTC multimedia.boston.com [Source type: News]

^ The Dow Jones Industrial Average stood at 465.82 on Oct.

[7] .The other 11 were:[8]

- American Cotton Oil Company, a predecessor company to Bestfoods, now part of Unilever.
^ American Cotton Oil Company, distant ancestor of Bestfoods, now part of Unilever American Sugar Company, now Amstar Holdings American Tobacco Company, broken up in 1911 antitrust action Chicago Gas Company, bought by Peoples Gas Light in 1897 (now an operating subsidiary of Integrys Energy Group, Inc.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ The Dow includes American Express, Bank of America, Travelers, Walt Disney and other companies that manufacture nothing.
  • The Simple Dollar » The Meaning of the Dow Jones Industrial Average 19 January 2010 9:54 UTC www.thesimpledollar.com [Source type: General]

^ American Cotton Oil .
  • Neatiolicious Fun Facts: Dow Jones Industrial Average – Neatorama 19 January 2010 9:54 UTC www.neatorama.com [Source type: General]


- American Sugar Company, became Domino Sugar in 1900, now Domino .Foods, Inc.
- American Tobacco Company, broken up in a 1911 antitrust action.
^ American Tobacco was broken up in 1911 but was the progenitor of such companies as Fortune Brands and R.J. Reynolds Tobacco.

^ In September, insurer American International Group Inc left the Dow and was replaced by Kraft Foods Inc.
  • Citi drops out of the Dow Jones Index | Ecommerce Journal 16 October 2009 6:12 UTC ecommerce-journal.com [Source type: News]

^ This holding company for public utilities was broken up in 1940s .
  • Neatiolicious Fun Facts: Dow Jones Industrial Average – Neatorama 19 January 2010 9:54 UTC www.neatorama.com [Source type: General]
  • dow jones industrial average – Neatorama 19 January 2010 9:54 UTC www.neatorama.com [Source type: General]


- .Chicago Gas Company, bought by Peoples Gas Light in 1897, now an operating subsidiary of Integrys Energy Group.^ Xtract Energy’s (AIM: XTR) Chief Executive, Andy Morrison bought 500,000 ordinary shares in the company at a price of 2.75p, and now holds 2.5 million shares, representing 0.31% of the company’s issued share capital.
  • Proactive Investors UK - FTSE 100 down 1.2%, Dow Jones, S&P 500 and NASDAQ futures slide on Alcoa quarterly figures 19 January 2010 9:54 UTC www.proactiveinvestors.co.uk [Source type: News]

^ Integrys Energy Group (TEG) - Reliant Energy (RRI) - Williams (WMB) - www.williams.com, Address: 1 Wil...
  • B channels: Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, INDP, or informally the Dow Jones or The Dow) 19 January 2010 9:54 UTC b.tearn.com [Source type: FILTERED WITH BAYES]


- .Distilling & Cattle Feeding Company, now Millennium Chemicals, formerly a division of LyondellBasell, the latter of which is now in Chapter 11 bankruptcy.^ Millennium Chemicals Inc is a U.S. based chemical company.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ August 26, 1896 Distilling & Cattle Feeding became American Spirits Manufacturing and U.S. Cordage pfd.
  • Dow Jones Industrial Average 19 January 2010 9:54 UTC www.docstoc.com [Source type: Reference]

^ Distilling & Cattle Feeding .
  • Neatiolicious Fun Facts: Dow Jones Industrial Average – Neatorama 19 January 2010 9:54 UTC www.neatorama.com [Source type: General]
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]


- Laclede Gas Company, still in operation as the Laclede Group, Inc., removed from the Dow Jones Industrial Average in 1899.
- National Lead Company, now NL Industries, removed from the Dow Jones Industrial Average in 1916.
- North American Company, an electric utility holding company, broken up by the U.S. Securities and Exchange Commission (SEC) in 1946.
- Tennessee Coal, Iron and Railroad Company in Birmingham, Alabama, bought by U.S. Steel in 1907.
- U.S. Leather Company, dissolved in 1952.
- United States Rubber Company, changed its name to Uniroyal in 1961, merged with private B.F. Goodrich in 1986, bought by Michelin in 1990.
.
  • When it was first published in the late 1890s, the index stood at a level of 40.94, but ended up hitting its all-time low of 28.48 during the summer of 1896 during the depths of what later became known as the Panic of 1896.^ Last year, dividend yields hit an all-time low of 1.4%.

    ^ The median return for all indexes during this time period was 1%.
    • Dow Industrial Average Graph 19 January 2010 9:54 UTC forecast-chart.com [Source type: General]

    ^ The median return for all indexes during this time period was -9%.
    • Dow Industrial Average Graph 19 January 2010 9:54 UTC forecast-chart.com [Source type: General]

    .Many of the biggest percentage price moves in the Dow occurred early in its history, as the nascent industrial economy matured.^ Many of the biggest percentage price moves in The Dow occurred early in its history, as the nascent industrial economy matured.
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]
    • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

    ^ The Dow Jones Industrial Average fell 120.46 points, or 1.14%, to end 2009 trading at 10428.05, although it rose 18.8% for the year, the biggest percentage gain since 2003.
    • Dow Jones Industrial Average - Information, News and Pictures - WSJ.com 19 January 2010 9:54 UTC topics.wsj.com [Source type: News]

    ^ A $1 increase in a $5 stock's value is a much larger percentage gain than a $1 increase in a $200 stock, for example, but both price changes affect the Dow in the same way.
    • Index:Dow Jones Industrial Average (DJI) 19 January 2010 9:54 UTC www.wikinvest.com [Source type: General]

    .A brief war in 1898 between the U.S. and the Spanish Empire might have only had a minor impact in the Dow's direction.
  • The decade of the 1900s would see the Dow halt its momentum as it worked its way through a pair of cataclysmic financial crisis'; the Panic of 1901 and the Panic of 1907.^ Some historians believe the reason for this was worry that markets would plunge because of panic over the onset of the World War I .
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    ^ Here's the Dow Jones Industrial Average the way you're used to seeing it.
    • FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007 16 October 2009 6:12 UTC www.financialsense.com [Source type: FILTERED WITH BAYES]

    ^ As we move into 2010, we could see higher volume, which could quickly impact the direction of this ratio.
    • Monday Morning Outlook: In 2009, the Dow Jones Industrial Average Was the Comeback Kid 19 January 2010 9:54 UTC schaeffersresearch.com [Source type: General]

    .The Dow would be stuck in a trading range of between the 50 and 100 point levels till late 1909. The negativity surrounding the 1906 San Francisco earthquake did little to improve the economic climate.^ Merger Monday mania going on the Dow Jones Industrial Average added some thirty points the blue chips would finish the day at 10005.
    • Local Dow Jones Industrial Average audio and video from Boston's WBZ 19 January 2010 9:54 UTC multimedia.wbz.com [Source type: News]

    ^ The Dow Jones Industrial Average today up some 46 points the blue chips would and that they had 1000664.
    • Local Dow Jones Industrial Average audio and video from Boston's WBZ 19 January 2010 9:54 UTC multimedia.wbz.com [Source type: News]

    ^ This is because of stock splits - if, for example, a stock trading at $50 dollars makes a 2-for-1 stock split, its shares would now be priced at $25.
    • Index:Dow Jones Industrial Average (DJI) 19 January 2010 9:54 UTC www.wikinvest.com [Source type: General]
    • Index:Dow Jones Industrial Average (DJI) 19 January 2010 9:54 UTC www.wikinvest.com [Source type: General]

    .International disturbances such as the Russo-Japanese War were few and far between and seemed to have little if any influence on the Dow.^ It may seem hard to believe after the Dow Jones Industrial Average has been at 10,000, but it was only a little more than 12 years before, on Jan.

    .The average would end off the decade near the vicinity of the 100 point level.
  • In the 1910s, the decade would begin with the Panic of 1910-1911 stifling economic growth for a lengthy period of time.^ March 1999 "Dow 10,000" - after a surge of 170 points the Dow Jones closes at 10,006.78 - for the first time above the 10,000 level.
    • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

    ^ A feeble recovery ensued, but at year end, the industrials remained 30 points below their early-October level.

    ^ The stock is currently forming the right side of its base, now trading just -1.4% off its all-time high and very near its pivot point on very healthy volume patterns.
    • Special Report Series (Part 1) - Dow Jones Industrial Average Follow Through 19 January 2010 9:54 UTC premium.canslim.net [Source type: General]

    .History would later take its course on July 30, 1914; as the average stood at a level of 71.42 when a decision was made to close down the New York Stock Exchange, and suspend trading for a span of 4 1/2 months.^ The Diamonds: The Diamonds 'DIA' are an exchange traded closed ended fund that consists of the 30 components of the Dow Jones Industrial Average.

    ^ NEW YORK — Wall Street opened the second quarter with solid gains, extending a four-week rally that brought the market off its lowest levels in ...

    ^ SOURCE: The Big Picture 2 months ago The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. SOURCE: Associated Content 2 months ago This new note linked to the Dow Jones-UBS Commodity Index offers clients easy accessibility to a variety of hard to access commodities at a very compelling price SOURCE: PR-Inside.com 2 months ago Profit booking continued amid weak global cues ...
    • Dow Jones - News, photos, topics, and quotes 19 January 2010 9:54 UTC www.daylife.com [Source type: FILTERED WITH BAYES]

    .Some historians believe the exchange closed because of a concern that markets would plunge as a result of panic over the onset of World War I.^ Some historians believe the reason for this was worry that markets would plunge because of panic over the onset of the World War I .
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    ^ In 2008, 6 Years of Market Gains Are Lost When the New York Stock Exchange closes later this afternoon, virtually anyone with money in stocks will have felt the punishing drop in the market.

    ^ Weakness leading to a close back under its $50.26 pivot point would prompt concern.
    • Special Report Series (Part 1) - Dow Jones Industrial Average Follow Through 19 January 2010 9:54 UTC premium.canslim.net [Source type: General]

    .An alternative explanation is that the Secretary of the Treasury, William Gibbs McAdoo, closed the exchange because he wanted to conserve the U.S. gold stock in order to launch the Federal Reserve System later that year, with enough gold to keep the U.S. at par with the gold standard.^ An alternative explanation is that Secretary of the Treasury, William McAdoo closed the exchange because he wanted to conserve the US gold stock in order to launch the Federal Reserve System later that year with enough gold to keep the US on the gold standard.
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    ^ In 2008, 6 Years of Market Gains Are Lost When the New York Stock Exchange closes later this afternoon, virtually anyone with money in stocks will have felt the punishing drop in the market.

    ^ The index closed at 71.42 on July 30, 1914 and so did the New York Stock Exchange for the next four months.
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    .When the markets reopened on December 12, 1914, the index closed at 54, a drop of 24.39%.^ In 2008, 6 Years of Market Gains Are Lost When the New York Stock Exchange closes later this afternoon, virtually anyone with money in stocks will have felt the punishing drop in the market.

    ^ That first day it reopened on December 12 , 1914 , the index closed at 74.56, thus the War had not had the predicted impact.
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    ^ The index closed at 71.42 on July 30, 1914 and so did the New York Stock Exchange for the next four months.
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    [9] .In 1916, the number of stocks in the index was increased to twenty.^ In 1916, the number of stocks in the index was increased to twenty and the new version of the index was 27% smaller than the old index.
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    ^ So a $5 increase in Stock A's price would add .5 points to the value of our index.
    • Index:Dow Jones Industrial Average (DJI) 19 January 2010 9:54 UTC www.wikinvest.com [Source type: General]

    ^ Stock split refers to a corporate action that increases the number of shares in a public company.
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    .Following World War I, the U.S. would experience another dowturn in economic activity in what became known as the Post-World War I recession.^ Some historians believe the reason for this was worry that markets would plunge because of panic over the onset of the World War I .
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    ^ However, following that 10% positive return, he would have lost another -44%.
    • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

    ^ Since World War I, the exchange has remained open through wars, natural disasters, and economic crises.

    .The Dow's performance would remain virtually unchanged from the closing value of the previous decade, adding only around 5%, from about the 100 level to 105.
  • During the 1920s, specifically in 1928, the components of the Dow were increased to thirty stocks near the economic height of that decade, which was phrased as the Roaring Twenties.^ The Diamonds: The Diamonds 'DIA' are an exchange traded closed ended fund that consists of the 30 components of the Dow Jones Industrial Average.

    ^ The next day, the average shot above 3000 in intraday trading, only to close unchanged at the tantalizing level of 2999.75.

    ^ Worries about rising interest rates sapped stocks Thursday, with the Dow industrials retreating from near five-year highs amid a jump in home sales, higher oil prices and higher bond yields.
    • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.cnn.com [Source type: News]
    • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.edition.cnn.com [Source type: News]

    .The prosperous nature of the economic climate, muted the negative influence of an early 1920s recession plus certain international conflicts such as the Polish-Soviet war, the Irish Civil War, the Turkish War of Independence and the initial phase of the Chinese Civil War.^ Volusion prospers despite tough economic climate .
    • Citi drops out of the Dow Jones Index | Ecommerce Journal 16 October 2009 6:12 UTC ecommerce-journal.com [Source type: News]

    ^ Since World War I, the exchange has remained open through wars, natural disasters, and economic crises.

    ^ Some economists believe it was the war effort that finally pulled the U.S. out of the economic doldrums that began in the early 1930s.

    .The Crash of 1929 and the ensuing Great Depression returned the average to its starting point, almost 90% below its peak, by July 8, 1932, at its intra-day low of 40.56, closing at 41.22. The high of 381.17 on September 3, 1929, would not be surpassed until 1954, in inflation-adjusted numbers.^ The high of September 3, 1929 at 381.17 would not be surpassed until 1954, in inflation-adjusted numbers.
    • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

    ^ The average return for the indexes over the 5 years was 17%.
    • Dow Industrial Average Graph 19 January 2010 9:54 UTC forecast-chart.com [Source type: General]

    ^ But in the crash of 1929 and the Depression, they would plummet.

    .However, the bottom of the 1929 Crash came just 2 1/2 months later on November 13, 1929, when intra-day it was at the 195.35 level, closing slightly higher at 198.69.[10] The Dow would end off with a healthy 173% gain from around the 105 level to a level of 286.
  • Marked by global instability, the 1930s contended with several consequential European and Asian outbreaks of war, leading up to catastrophic World War II; including the Spanish Civil War, the Second Italo-Abyssinian War, the Soviet-Japanese Border War and the Second Sino-Japanese War.^ The Psychological 10,000 Dow Mark .
    • Dow Jones Industrial Average | Access Loans 19 January 2010 9:54 UTC accessloans.net [Source type: General]

    ^ By the end of 2003 , the Dow returned to the 10,000 level.
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    ^ Dow Closes 10,606.86 up 33.18 or ...
    • Dan Kolber: Stock Market News & Commentary: 1/14/10 Thurs. am Hershey to Bid for Cadbury; MSFT & HPQ in Marketing Deal; Merck Up 3.78% on Analyst Upgrade 19 January 2010 9:54 UTC intellivestsecurities.blogspot.com [Source type: News]

    On top of that, the U.S. was would deal with a painful recession in 1937 and 1938. .The largest one-day percentage gain in the index, 15.34%, happened on March 15, 1933, in the depths of the 1930s bear market.^ The largest one-day percentage gain in the index, 15.34%, happened on March 15 , 1933 , in the depths of the 1930s bear market .
    • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

    ^ The largest percentage loss occurred in Black Monday of 1987 , when the stock markets around the world crashed.
    • Neatiolicious Fun Facts: Dow Jones Industrial Average – Neatorama 19 January 2010 9:54 UTC www.neatorama.com [Source type: General]

    ^ What it means to you and I, is that within a few days one of these trendlines will break, and the market will either move sharply higher or back lower.

    .However, as a whole, it's not surprising the Dow posted some of its worst performance for a negative return.^ The worst performing index during that period was the Dow Utility Index with a return of 7%.
    • Dow Industrial Average Graph 19 January 2010 9:54 UTC forecast-chart.com [Source type: General]

    ^ The worst performing index during that period was the Dow Utility Index with a return of -1%.
    • Dow Industrial Average Graph 19 January 2010 9:54 UTC forecast-chart.com [Source type: General]

    ^ The worst performing index during that period was the Dow Transportation Index with a return of -7%.
    • Dow Industrial Average Graph 19 January 2010 9:54 UTC forecast-chart.com [Source type: General]

    .For the decade, the average was down from around the 286 level to 148, a loss of about 48%.
  • Post-war reconstruction during the 1940s, along with renewed optimism of peace and prosperity, brought about a 39% surge in the Dow from around the 148 level to 206. The strength in the Dow occurred despite a brief recession in 1949 and other global conflicts which started a short time later including the latter stages of the Chinese Civil War, the Greek Civil War, the Indo-Pakistani War of 1947 and the 1948 Arab-Israeli War.
  • During the 1950s, the Korean War, the Algerian War, the Cold War and other political tensions such as the Cuban Revolution, as well as widespread political and economic changes in Africa during the initial stages of European Decolonization, did not stop the Dow's bullish climb higher.^ It began the decade at 248.48, down from a high of 381.17 before the crash of 1929.

    ^ On the one hand, the Dow Jones industrial average once again danced around 10,000 last week.

    ^ Comments (1-21-03): The Dow Jones Industrial Average closed Friday at 8,586.40 down 111.14 points.

    .Additionally, the U.S. would also make its way through two grinding recessions; one in 1953 and the other in 1958.^ After an orderly pullback, one would like to see this stock make further progress above its prior highs on heavy volume.
    • Special Report Series (Part 1) - Dow Jones Industrial Average Follow Through 19 January 2010 9:54 UTC premium.canslim.net [Source type: General]

    ^ If so, the next stock market rise through 2004 would be a good time to liquidate one's equities, and to invest one's money in short-term money market instruments.

    ^ The Japanese giant was thought to have developed a watertight strategy that would yield profits through thick and thin, making it the subject of managerial guides like the 2004 book The Toyota Way.
    • » dow-jones-industrial-average » Hedge Fund News From HedgeCo.Net 19 January 2010 9:54 UTC www.hedgeco.net [Source type: News]

    .An astounding 200% increase in the average from a level of 206 to 616 ensued over the course of that decade.
  • The Dow's bullish behavior began to stall during the 1960s as the U.S. became entangled with foreign political issues such as the Bay of Pigs Invasion involving Cuba, the Vietnam War, the Portuguese Colonial War, the Colombian Civil War which the U.S. assisted with short-lived counter-guerrilla campaigns, and domestic issues such as the Civil Rights Movement.^ Comments (2-2-03): Last week I stated that I expected the Dow Jones Industrial Average to test the 8,000 level.

    ^ After Friday’s economic information, bonds were getting awfully close to moving below the strong level of support of the 200-day moving average.
    • Dow Jones Industrial Average | Access Loans 19 January 2010 9:54 UTC accessloans.net [Source type: General]

    ^ The average S&P P/E ratio right now with the Dow Jones Index at 3000 is about 18:1, but earnings are expected to grow by about 25% over the next year from their current, depressed levels as we emerge from the current recession, which would support an increase in the Dow Jones Index to about 3750 if the P/E ratio stayed at its current value of 18:1.

    For the decade though, and despite a mild recession between 1960 and 1961, the average still managed a respectable 30% gain from the 616 level to 800.
  • The 1970s marked a time of economic uncertainty and troubled relations between the U.S. and certain Middle-Eastern countries.
To begin with, the decade started off with the ongoing Recession of 1969–70. .Following that, the 1973–75 recession, the 1973 Oil Crisis as well as the 1979 energy crisis began as a prelude to a disastrous economic climate injected with stagflation.^ Credit crisis is still there, August defaults worse since the recession began .
  • Citi drops out of the Dow Jones Index | Ecommerce Journal 16 October 2009 6:12 UTC ecommerce-journal.com [Source type: News]

^ It began with a deepening of the dot.com bust, followed by at least two quarters of unabashed recession.

Essentially, the combination between high unemployment and high inflation.
However, on November 14, 1972, the average closed above the 1,000 mark (1,003.16) for the first time, during a brief relief rally in the midst of a lengthy bear market.
Between January 1973 and December 1974, the average lost 48% of its value in what became known as the .1973-1974 Stock Market Crash.^ Screw the stock market, I hope it crashes.

^ The stock market would crash, they said.
  • Catherine Austin Fitts Guide to Narco-Dollars by Narco News, 2001 16 October 2009 6:12 UTC www.ratical.org [Source type: News]

^ What he doesn’t tell you in the article is that prior to September 1974, the stock market had just dropped -48% over the preceding 21 months.
  • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

The situation was exacerbated following the events surrounding the Yom Kippur War and the series of 1970s Energy Crisis' which followed it soon after.
Although the Vietnam War ended in 1975, new tensions arose towards Iran surrounding the Iranian Revolution in 1979.
Other notable disturbances such as the .Lebanese Civil War, the Ethiopian Civil War, the Indo-Pakistani War of 1971 and the Angolan Civil War which the U.S. and Soviet Union considered critical to the global balance of power, seemed to have had little influence towards the financial markets.^ Soviet Union, at the time the archenemy of the U.S. As a result, it was a shot that wounded the U.S. stock market.

^ A year earlier, Mr. Angell had written ''The Great Illusion,'' predicting that a major world war would cause a global financial meltdown.

^ The confrontation had been building since Korea was split along the 38th parallel after World War II. The North fell under the influence of the Soviet Union, the South under the watch of the U.S. .

Performance wise for the decade; gains remained virtually flat, rising less than 5% from about the 800 level to 838.
The Dow fell 22.61% on Black Monday (1987) from about the 2,500 level to around 1,750. Two days later, it rose 10.15% above the 2,000 level for a mild recovery attempt.
  • The 1980s and especially the 1990s saw a very rapid increase in the average, though severe corrections did occur along the way.
The largest one-day percentage drop occurred on .Black Monday; October 19, 1987, when the average fell 22.61%.^ October 19, 1987 .
  • Dow Jones Industrial Average (DJIA) History 19 January 2010 9:54 UTC www.nyse.tv [Source type: General]

^ (Those two plunges, of 12.82% and 11.73% respectively, remain the second-highest and third-highest of all time in percentage terms, behind the record 22.61% crash on Black Monday, Oct.

^ October 1987 The index falls 508 points to 1,738.74, the biggest one-day drop in its history, wiping 22.6% off its value in one day.
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

.There were no clear reasons given to explain the crash, but program trading appeared to be a major contributing factor.^ There are no major earnings reports slated for release on Friday.
  • Monday Morning Outlook: In 2009, the Dow Jones Industrial Average Was the Comeback Kid 19 January 2010 9:54 UTC schaeffersresearch.com [Source type: General]

^ There are no major earnings reports scheduled for release .
  • Monday Morning Outlook: In 2009, the Dow Jones Industrial Average Was the Comeback Kid 19 January 2010 9:54 UTC schaeffersresearch.com [Source type: General]

^ There was almost no place to hide from the crash of 2008.

On October 13, 1989, the Dow stumbled into another downfall, the .1989 Mini-Crash which initiated the collapse of the junk bond market as the Dow registered a loss of almost 7%.^ The initial drop was caused by a global sell-off after Chinese stocks experienced a mini-crash.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

However, for the rest of the 1980s as a whole, and despite the .Early 1980s recession, the Dow made a profound 228% increase from the 838 level to 2,753; despite the market crashes and other political distractions such as the Soviet War in Afghanistan, the Falklands War, the Iran-Iraq War, the Second Sudanese Civil War and the First Intifada in the Middle East.^ The Dow industrials gained 1.51 points and other stock indexes saw modest gains despite a disappointing reading on new-home sales.
  • Dow Jones Industrial Average - Information, News and Pictures - WSJ.com 19 January 2010 9:54 UTC topics.wsj.com [Source type: News]

^ But today, despite the sluggishness, GDP is still inching ahead….Inflation topped 12% in the 1970s and 14% in the early 1980s.
  • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

^ The bottom line result is that an increased level of market volatility is here to stay.

  • The 1990s brought on rapid advances in technology along with the introduction of the dot-com era.
To start off, the markets contended with the .1990 oil price shock compounded with the effects of the Early 1990s recession.^ My guess is that current stock prices anticipate the fact that, as we come out of this 1990 recession, price/earnings ratios, and to a lesser extent, price/dividend ratios will improve.

Certain influential foreign conflicts such as the .1991 Soviet coup d'état attempt which took place as part of the initial stages of the Dissolution of the USSR and the Fall of Communism; the First and Second Chechen Wars, the Persian Gulf War and the Yugoslav Wars failed to dampen economic enthusiasm surrounding the ongoing Information Age and the "Irrational Exuberance" (a phrase coined by Alan Greenspan) of the Internet Boom.^ The rest of this discussion (below) was written in 1991, just after the close of the Gulf War.

^ The recession hasn't been very deep, and the Gulf War certainly had an adverse effect upon last fall's economy.

^ I remembered the lack luster market prior to the start of the first Persian Gulf War, and the rally that occurred the day the war started.

.Even the occurrences of the Rwandan Genocide and the Second Congo War, termed as "Africa's World War" that involved 8 separate African nations which together between the two killed over 5 million people; didn't seem to have any noticeable negative financial impact on the Dow either.^ It's either that or the post World War II French identity is completely based upon opposing the United States what ever the cost.

^ Somehow they didn’t notice that Citigroup, part of the Dow, was up over 11% yesterday.

^ During World War II, The Dow Jones Industrial Average took two strong hits that kept it in a slump through most of the war.

Between late 1992 and early 1993, the Dow staggered through the 3,000 level making only modest gains as the .Biotechnology sector suffered through the downfall of the Biotech Bubble; as many biotech companies saw their share prices rapidly rise to record levels and then subsequently fall to new all-time lows.^ Investors' enthusiasm for shares has picked up considerably since early September as world crude oil prices have tumbled by 25% from an all-time high of over $78 a barrel, dragging down inflation and helping relieve companies' cost burdens, thereby improving their bottom lines.
  • Dow Jones Industrial Average breaks 12,000 barrier | Business | guardian.co.uk 19 January 2010 9:54 UTC www.guardian.co.uk [Source type: News]

^ Last year, dividend yields hit an all-time low of 1.4%.

^ Price-to -Earnings Ratio       The price-to-earnings (P/E) ratio of a company's stock is the ratio of its per-share price to its trailing 12-month earnings per share.

.
The Dow Jones Wilshire 5000 approximates the shape of the rise in the DJIA during the 1990s acceleration.
^ Many critics of the DJIA recommend the float-adjusted market-value weighted S&P 500 or the Dow Jones Wilshire 5000 , the latter of which includes all U.S. securities with readily available prices, as better indicators of the U.S. market.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ B channels: Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, INDP, or informally the Dow Jones or The Dow) skip to main .
  • B channels: Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, INDP, or informally the Dow Jones or The Dow) 19 January 2010 9:54 UTC b.tearn.com [Source type: FILTERED WITH BAYES]

^ Bad days Percentage of the 10 worst days in history for the Dow Jones Industrial Average that happened in 2008, by point drops: 60% Percentage of the 10 worst days in history for the DJIA that happened in 2008, by percentage drops: 30% .
  • Dow Jones Industrial Average Posts -- BloggingStocks 19 January 2010 9:54 UTC www.bloggingstocks.com [Source type: News]

From a trading low of under 4,000 in 1990 to above the 12,000 mark in the year 2000 with intermittent slides throughout the decade.
On November 21, 1995, the DJIA closed above the 5,000 level (5,023.55) for the first time.
Over the following two years, the Dow would rapidly tower above the 6,000 level during the month of October in 1996, and the 7,000 level in February 1997.
On its march higher into record territory, the Dow easily made its way through the 8,000 level in July 1997. However, later in that year during October, the events surrounding the .Asian Financial Crisis plunged the Dow into a 554 point loss to a close of 7,161.15; a retrenchment of 7.18% in what became known as the 1997 Mini-Crash.^ Markets Close Higher Over Citigroup's Confidence Citigroup's announcement that it will not require more government bailout funds lifted the markets to a modestly higher close with the Dow climbing 54 points to 7224.
  • http://studio-5.financialcontent.com/mi.modbee/?Page=QUOTE&Ticker=DJ%3ADJI 19 January 2010 9:54 UTC studio-5.financialcontent.com [Source type: News]
  • DJ:DJI Stock Quote - Dow Jones Industrial Average stock news and information on Boston.com 19 January 2010 9:54 UTC finance.boston.com [Source type: News]

^ March 1999 "Dow 10,000" - after a surge of 170 points the Dow Jones closes at 10,006.78 - for the first time above the 10,000 level.
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

^ Falls 733.08 to close at 8,577.91,  down 7.87%, second largest point loss in history .
  • History of Dow Jones Industrial Average 19 January 2010 9:54 UTC www.mdleasing.com [Source type: News]

The Dow would go on to surpass the 9,000 level during the month of April in 1998, making its sentimental push towards the symbolic 10,000 level.
On March 29, 1999, the average closed above the 10,000 mark (10,006.78) after flirting with it for two weeks. This prompted a celebration on the trading floor, complete with party hats. The scene at the exchange made front page headlines on many U.S. newspapers such as .The New York Times.^ NEW YORK (AP) -- The Dow Jones industrials rose back above 9,000 for the first time since early January.

^ Wall Street was the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood.

On May 3, 1999, the Dow achieved its first close above the 11,000 mark (11,014.70). Total gains for the decade exceeded 315%; from the 2,753 level to 11,497.
The Dow averaged a 5.3% return compounded annually for the 20th century, a record Warren Buffett called "a wonderful century"; when he calculated that to achieve that return again, the index would need to close at about 2,000,000 by December of 2099.[11]
.Even during the height of the dot-com era, authors James K. Glassman and Kevin A. Hassett went so far as to publish a book entitled Dow 36,000.^ Which is how we’ve ended up following the dot.com implosion of the late 90s with an even worse financial catastrophe less than a decade later.

^ ''I call it the final fling upward,'' says Richard Stillman, a former professor and author who has written a book on the DJIA. ''This was a great era of euphoria.

.Their theory was to imply that stocks were still cheap and it was not too late to benefit from rising prices during the Internet boom.^ If the economy is booming a lot of copper gets used in plumbing, wiring, circuit boards and such, causing its price to rise.
  • FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007 16 October 2009 6:12 UTC www.financialsense.com [Source type: FILTERED WITH BAYES]

^ Stocks were headed for a flat open, following two straight losing sessions, as investors showed little reaction to a report of rising home prices.
  • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.cnn.com [Source type: News]
  • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.edition.cnn.com [Source type: News]

^ During a commodities cycle almost all commodities rise in price.
  • FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007 16 October 2009 6:12 UTC www.financialsense.com [Source type: FILTERED WITH BAYES]

.
  • Characterized by fear on the part of newer investors, the uncertainty of the 2000s brought on a significant bear market.^ If you are in a long-term bear market, investors stand to lose a lot of money or make no money at all during that time period.
    • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

    .There was indecision on whether the cyclical bull market represented a prolonged temporary bounce or a new long-term trend.^ Then there was the great long-term bull market of 1982 to 2000.
    • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

    ^ There are short-term bull markets that occur during these long-term bear markets.
    • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

    ^ Of course in five years, there may be so few profitable segments of the economy that there will be no long term recovery of the stockmarket.

    Ultimately, there was widespread resignation and disappointment as the lows were revisited, and in some cases, surpassed near the end of the decade.
The third largest one-day point drop in .DJIA history, and largest at the time, occurred on September 17, 2001, the first day of trading after the September 11, 2001 attacks, when the Dow fell 684.81 points, or 7.1%.^ The largest one-day point drop in DJIA history occurred on September 17, 2001, the first day of trading after the September 11, 2001 attacks, when the Dow fell 684.81 points, or 7.1%.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ The largest one-day point drop in DJIA history occurred on September 17 , 2001 , the first day of trading after the September 11, 2001 attacks , when the Dow fell 684.81 points, or 7.1%.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ The Dow fell 14.3% after the September 11, 2001 attacks .
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

.It should be noted that the Dow had been in a downward trend for virtually all of 2001 prior to Sept 11, losing well over 1000 points between Jan 2 and Sept.^ However, it was still a big down day for the stock market with the Dow Jones Industrial Average losing 227 points and the S&P 500 losing 22 points.
  • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

10, and had lost 187.51 points on Sept. 6, followed by losing 235.4 points on Sept. .7.[12] By the end of that week, the Dow had fallen 1,369.70 points, or 14.3%.^ CNNMoney: Dow ends week with record 3-peat .
  • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.cnn.com [Source type: News]
  • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.edition.cnn.com [Source type: News]

^ While this week the Dow Jones Industrial Average dipped below 7,000 and reached a 12-year low, such a measure is actually very rare.

^ At the end of the week, the Currency Adjusted DJIA stood at 75.879588% of its value when Bush took office, a dip of almost two points from the previous week.

.However, the Dow began an upward trend shortly after the attacks and quickly regained all lost ground to close above the 10,000 level for the year.^ By the end of 2003 , the Dow returned to the 10,000 level.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ A recovery attempt allowed the average to close the year above 10,000.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ Enough Dow 10,000!

.
The Dow fell 14.3% from the mid-9,000 level to the low 8,000 level after the September 11, 2001 attacks.
^ It seems like a remote possibility, but that's exactly what occurred from early 1966 , when the Dow fell below 1,000, until late 1972 , when the Dow reclaimed the psychologically-significant 1,000 level.
  • Dow Jones Industrial Average Posts -- BloggingStocks 19 January 2010 9:54 UTC www.bloggingstocks.com [Source type: News]

^ The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was 47.11 up 0.14 from Tuesday's Dow Jones Industrial Average closing price of $46.97.
  • Dan Kolber: Stock Market News & Commentary: 1/14/10 Thurs. am Hershey to Bid for Cadbury; MSFT & HPQ in Marketing Deal; Merck Up 3.78% on Analyst Upgrade 19 January 2010 9:54 UTC intellivestsecurities.blogspot.com [Source type: News]

^ On May 3, 1999, the Dow achieved its first close above 11,000 (11,014.70).
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

Exchanges were closed between September 10 and September 17.
During 2003, the average remained subdued within the 7,000 to 9,000 point level range by the Early 2000s Recession, the Afghan War and the Iraq War. .But by December of that year, the Dow remarkably returned to the 10,000 mark.^ Dow 10,000 - Trick or Treat?

^ Enough Dow 10,000!

^ CNNMoney: Dow reclaims 10,000 .
  • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.cnn.com [Source type: News]
  • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.edition.cnn.com [Source type: News]

In October of 2006, four years after its bear market low, the DJIA set fresh record theoretical, intra-day, daily close, weekly, and monthly highs for the first time in almost seven years, closing above the .12,000 level for the first time on the 19th anniversary of Black Monday (1987).^ (Those two plunges, of 12.82% and 11.73% respectively, remain the second-highest and third-highest of all time in percentage terms, behind the record 22.61% crash on Black Monday, Oct.

^ In October 2006, four years after its bear market low, the DJIA set fresh record theoretical , intra-day, daily close, weekly, and monthly highs for the first time in almost seven years, closing above 12,000 for the first time on the 19th anniversary of Black Monday .
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ In October 2006, four years after its bear market low, the DJIA set fresh record theoretical, intra-day, daily close, weekly, and monthly highs for the first time in almost seven years, closing above 12,000 for the first time on the 19th anniversary of Black Monday.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

On February 27, 2007, the Dow Jones Industrial Average fell 3.3% (415.30 points), its biggest point drop since 2001. The initial drop was caused by a global sell-off after .Chinese Stocks experienced a mini-crash, yet by April 25, the Dow passed the 13,000 level in trading and closed above that milestone for the first time.^ On April 25 , 2007, the Dow passed 13,000 in trading and closed above the milestone for the first time.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ Wall Street was the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood.

^ The next day, the average shot above 3000 in intraday trading, only to close unchanged at the tantalizing level of 2999.75.

On July 19, 2007, the average passed the 14,000 level, completing the fastest 1,000-point advance for the index since 1999. One week later, a 450 point intra-day loss, owing to turbulence in the .U.S. sub-prime mortgage market and the soaring value of the yuan,[13][14] initiated another correction falling below the 13,000 mark, about 10% from its highs.^ This came on the heels of turbulence in the U.S. sub-prime mortgage market and the soaring value of the Yuan.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ The move initiated another correction falling below the 13,000 mark, about 10% from the highs.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ Any meaningful discussion of stock market values must draw upon numbers that have been corrected for inflation.

On October 9, 2007, the Dow Jones Industrial Average closed at the record level of 14,164.53. .Two days later on October 11, the Dow would trade at its highest intra-day level ever, at the 14,198.10 mark.^ However, the bottom of the 1929 DJIA crash came just 2 1/2 months later on November 13, 1929, when intra-day it was 195.35; closing slightly higher at 198.69.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ The Dow had previously peaked at 11,722 during the euphoria of the dot.com boom in January 2000 but then fell as low as 7,286 two years later.
  • Dow Jones Industrial Average breaks 12,000 barrier | Business | guardian.co.uk 19 January 2010 9:54 UTC www.guardian.co.uk [Source type: News]

^ The Dow climbed for a fourth straight day, up 203.52 points, or 2%, to end at 10226.94, its highest finish since Oct.
  • Wall Street Journal: Question of the Day Where will the Dow Jones Industrial Average, now at a 13-month high, be by the end of the year? 19 January 2010 9:54 UTC online.wsj.com [Source type: General]

[15] .In what would normally take many years to accomplish; numerous reasons were cited for the Dow's extremely rapid rise from the 11,000 level in early 2006, to the 14,000 level in late 2007. They included future possible takeovers and mergers, healthy earnings reports particularly in the tech sector, and moderate inflationary numbers; fueling speculation the Federal Reserve would not raise interest rates.^ I was told they would not take coins.
  • Catherine Austin Fitts Guide to Narco-Dollars by Narco News, 2001 16 October 2009 6:12 UTC www.ratical.org [Source type: News]

^ At this point, the Federal Reserve must step in and raise interest rates.

^ Wells Fargo is raising interest rates by 3% .
  • Citi drops out of the Dow Jones Index | Ecommerce Journal 16 October 2009 6:12 UTC ecommerce-journal.com [Source type: News]

.Roughly on par with the 2000 record when adjusted for inflation, this represented the final high of the cyclical bull.^ The high of September 3, 1929 at 381.17 would not be surpassed until 1954, in inflation-adjusted numbers.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ On February 20th, the Dow hit its "brand new, all time, record high" of 12,795, and at the writing of this article hovers at 12,560, 6.9% above its 2000 high.
  • FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007 16 October 2009 6:12 UTC www.financialsense.com [Source type: FILTERED WITH BAYES]

^ (During this last bull market, the average dividend yield on the S&P 500 set a new all-time record low in early 2000 by dropping to 1.4%.

On September 15, 2008, a wider financial crisis became evident when .Lehman Brothers filed for Chapter 11 bankruptcy along with the economic effect of record high oil prices which reached almost $150 per barrel two months earlier.^ The price of oil per barrel was up by 4.56 yesterday.
  • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

^ In New York, the Dow gained 889.35 points yesterday to rise almost 11 per cent to 9,065.12 — the second-biggest percentage gain on record for the world’s most-watched stock-market indicator .
  • » dow-jones-industrial-average » Hedge Fund News From HedgeCo.Net 19 January 2010 9:54 UTC www.hedgeco.net [Source type: News]

^ This brings the price of oil to $133.54 which is a record.
  • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

.The DJIA lost more than 500 points for only the sixth time in history, returning to its mid-July lows below the 11,000 level.^ By mid-2002, the average had returned to its 1998 level of 8,000.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ Additionally, the DJIA is criticized for being a price-weighted average, which gives relatively higher-priced stocks more influence over the average than their lower-priced counterparts.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ The crash of 1929 and the ensuing Great Depression returned the average to its starting point, almost 90% below its peak, by July 8 , 1932 .
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

.A series of "bailout" packages, including the Emergency Economic Stabilization Act of 2008, proposed and implemented by the Federal Reserve and U.S. Treasury, as well as FDIC-sponsored bank mergers, did not prevent further losses.^ Since mid-January the shares of Citi have traded below $5 and fell as low as to 97 cents on March 5, after huge losses led to a series of federal bailouts.
  • Citi drops out of the Dow Jones Index | Ecommerce Journal 16 October 2009 6:12 UTC ecommerce-journal.com [Source type: News]

^ Do what I proposed 5 months ago and Impose a $2 TRILLION Emergency Economic Crisis Surtax on the wealthiest 2 percent of the population Collect it with fucking bayonets if need be.

^ I am sure the Federal Reserve looked far and wide for someone to run this very important unit as it oversees domestic open market and foreign exchange trading operations as well as the provisions of account services to foreign central banks.
  • http://studio-5.financialcontent.com/mi.modbee/?Page=QUOTE&Ticker=DJ%3ADJI 19 January 2010 9:54 UTC studio-5.financialcontent.com [Source type: News]
  • DJ:DJI Stock Quote - Dow Jones Industrial Average stock news and information on Boston.com 19 January 2010 9:54 UTC finance.boston.com [Source type: News]

.After two months of extreme volatility during which the Dow experienced its largest one day point loss, largest daily point gain, and largest intra-day range (more than 1,000 points), the index closed at a new six-year low of 7,552.29 on November 20. The market proceeded with a modest rise to close the year near the 9,000 level, still its worst annual performance since the early 1930s.^ The market recovered the 554-point drop in less than a month.

^ Still, the Dow has been stuck under the 10,500 level for a month.
  • Monday Morning Outlook: Dow Jones Industrial Average Still Staring Up at 10,500 19 January 2010 9:54 UTC schaeffersresearch.com [Source type: General]

^ The Dow gained 0.63% on the day.
  • Monday Morning Outlook: Dow Jones Industrial Average Still Staring Up at 10,500 19 January 2010 9:54 UTC schaeffersresearch.com [Source type: General]

Due to further deterioration in the banking sector, grim economic news, and market doubts as to the effectiveness of further government intervention, the bear market entered another acute phase, as the DJIA reached a closing low of 6,547.05 on March 9, 2009 (after an intra-day low of 6,469.95.[16] during the March 6 session), its lowest close since April 1997, and had lost 20% of its value in only six weeks.^ On October 9 , 2002 , the DJIA bottomed out at 7,286.27 (intra-day low 7,197.49), its lowest close since October 1997.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ However, by week's end, the nominal price was back at just slightly under where the week began and there had only been a slight decrease in the value of the dollar.

^ The currency adjusted DWIA has now lost over 40% of its value since Bush became the Current Occupant.

.Towards the latter half of 2009, the average rallied towards the 10,000 level amid optimism that the Late-2000s Recession, the United States Housing Bubble and the Global Financial Crisis of 2008-2009, were easing and possibly coming to an end.^ By the end of 2003, the Dow returned to the 10,000 level.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

^ Proudest Financial Moments: Personal Best return on equity: 20/1, Leap Puts on Citi & GE, closed in late 2008 Personal best adjusted for...
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ A recovery attempt allowed the average to close the year above 10,000.
  • Dow Jones Industrial Average-- History and the Market 19 January 2010 9:54 UTC edinformatics.com [Source type: FILTERED WITH BAYES]

.For the decade, the Dow would see a rather substantial pullback for a negative return from the 11,497 level to 10,428. A loss of a little over 9%.^ By the end of 2003 , the Dow returned to the 10,000 level.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ Tues pm Dow Closes 10,572.02 down 11.94 or ...
  • Dan Kolber: Stock Market News & Commentary: 1/14/10 Thurs. am Hershey to Bid for Cadbury; MSFT & HPQ in Marketing Deal; Merck Up 3.78% on Analyst Upgrade 19 January 2010 9:54 UTC intellivestsecurities.blogspot.com [Source type: News]

^ Friday pm Dow Closes 10,618.19 up 11.33 or...
  • Dan Kolber: Stock Market News & Commentary: 1/14/10 Thurs. am Hershey to Bid for Cadbury; MSFT & HPQ in Marketing Deal; Merck Up 3.78% on Analyst Upgrade 19 January 2010 9:54 UTC intellivestsecurities.blogspot.com [Source type: News]

On January 4, 2010, the Dow began the new decade at the 10,428 level attempting to break free from the events surrounding the negative effects of the Global Recession.
The Dow initially began to accomplish this goal by rising to 10,725 on January 19th. However, during the next few days after President Obama announced plans to limit the complexity and influence of banks, stocks ignored healthy profit reports and fell dramatically. By January 22nd, the Dow had fallen 552 points or over 5% to have its worse weekly loss since the week before the rally started during early March 2009, by closing at the 10,172.98 level.
The Dow continued its losses by falling to the 9,908.39 level on February 8th 2010 after dropping below the 10,000 mark and settling there since November of 2009. The Dow ended the trading session at a 3-month trading low.

Investing

.Investing in the DJIA is made widely accessible through exchange-traded funds (ETFs) as well as in derivatives through option contracts and futures contracts.^ If you want to do that, you've got to use the Dow ETF (exchange traded fund) known as the Diamonds (stock symbol DIA)… In my opinion however, it's not a very good idea right now.
  • FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007 16 October 2009 6:12 UTC www.financialsense.com [Source type: FILTERED WITH BAYES]

^ I am sure the Federal Reserve looked far and wide for someone to run this very important unit as it oversees domestic open market and foreign exchange trading operations as well as the provisions of account services to foreign central banks.
  • http://studio-5.financialcontent.com/mi.modbee/?Page=QUOTE&Ticker=DJ%3ADJI 19 January 2010 9:54 UTC studio-5.financialcontent.com [Source type: News]
  • DJ:DJI Stock Quote - Dow Jones Industrial Average stock news and information on Boston.com 19 January 2010 9:54 UTC finance.boston.com [Source type: News]

^ A stock market is a market for the trading of company stock, and derivatives of same; both of these are securities listed on a stock exchange as well as those only traded privately.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

.Within the equities world, asset manager SSgA State Street Global Advisors, issue a family of ETFs the SPDRs; one of which attempts to match the daily performance of the index, the DIAMONDS, introduced in 1998 (NYSEDIA).^ However, long/short equity managers, with reduced levels of exposure, also performed well, participating significantly in the market rally while maintaining hedges.
  • » dow-jones-industrial-average » Hedge Fund News From HedgeCo.Net 19 January 2010 9:54 UTC www.hedgeco.net [Source type: News]

^ In 1998 the financial world was shaken by the financial shenanigans of a hedge fund named Long Term Capital Management.
  • http://studio-5.financialcontent.com/mi.modbee/?Page=QUOTE&Ticker=DJ%3ADJI 19 January 2010 9:54 UTC studio-5.financialcontent.com [Source type: News]
  • DJ:DJI Stock Quote - Dow Jones Industrial Average stock news and information on Boston.com 19 January 2010 9:54 UTC finance.boston.com [Source type: News]

^ Index performance returns do not reflect any management fees, transaction costs or expenses.
  • iShares Dow Jones Transportation Average Index Fund (IYT): Overview 19 January 2010 9:54 UTC us.ishares.com [Source type: News]

.Another asset management firm, ProFunds, issue other related DJIA ETFs through ProShares such as the 2x (NYSEDDM), which attempts to match the daily performance of the DJIA by 200% and the Inverse 2x (NYSEDXD), which attempts to match the inverse daily performance by 200%.^ UltraShort Basic Materials ProShares (SMN) attempts to track twice the inverse of the daily performance of the Dow Jones U.S. Basic Materials Index.

^ I can't think of another person that may be more important to a financial firm like Goldman Sachs on a daily basis.
  • http://studio-5.financialcontent.com/mi.modbee/?Page=QUOTE&Ticker=DJ%3ADJI 19 January 2010 9:54 UTC studio-5.financialcontent.com [Source type: News]
  • DJ:DJI Stock Quote - Dow Jones Industrial Average stock news and information on Boston.com 19 January 2010 9:54 UTC finance.boston.com [Source type: News]

^ UltraShort Consumer Services ProShares (SCC), attempts to track twice the inverse [...

ProFunds also issues Inverse Performance (NYSEDOG) for a bearish strategy on the average. That is, when the Dow trades in negative territory, the ETF trades higher; thus, making it not needed to sell short if one has a bearish goal in mind. In the case of 2x performance, the ETF increases the buying power by leveraging money without using margin. Of course, short selling and buying as well as shorting on margin, are allowed and not discouraged. In regard to using margin on a 2x performance ETF, that would result in leveraging an investment by 400%. .Although it may substantially increase the profit on an investment, it would however also expose an investor to a potential loss risk four times as great and possibly result in a margin call four times as fast.^ Multiply those times a BIG PERCENTAGE cash flow profit margin.
  • Catherine Austin Fitts Guide to Narco-Dollars by Narco News, 2001 16 October 2009 6:12 UTC www.ratical.org [Source type: News]

^ At that rate, after holding for four decades, an investor would have seen his or her capital cut by over one third!
  • FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007 16 October 2009 6:12 UTC www.financialsense.com [Source type: FILTERED WITH BAYES]

^ Assuming a 20% margin for the BIG PERCENTAGE profits and a 20 times multiple on the stock of the companies that Dave and his investors and banking partners were using to launder the money, let's look at how much of the stock market value would be "addicted" to the drug and money laundering profits flowing through the Philadelphia area.
  • Catherine Austin Fitts Guide to Narco-Dollars by Narco News, 2001 16 October 2009 6:12 UTC www.ratical.org [Source type: News]

.Currently, there are also 3x performance ETFs issued by ProShares that exist too; which attempt to replicate (300% leverage) or (600% leverage by applying margin), against the Dow.^ The Dow is currently the best performing major stock index.
  • FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007 16 October 2009 6:12 UTC www.financialsense.com [Source type: FILTERED WITH BAYES]

For 3x performance, the symbol is (NYSEUDOW), and for Inverse 3x performance, (NYSESDOW).[17][18]
.In the derivatives market, the CME Group through its subsidiaries the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), issues Futures Contracts; including the E-mini Dow ($5) Futures (YM), the DJIA ($10) Futures (DJ) and the Big Dow DJIA ($25) Futures (DD) which track the average and trade on their exchange floors respectively.^ New York Stock Exchange ( NYSE ), nicknamed the " Big Board ", is a New York City-based stock exchange.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ Cheers rang out on the floor of the New York Stock Exchange when the Dow Jones Industrial Average crossed the 1000 mark on Nov.

^ In just a matter of moments, the Dow Jones Industrial Average dropped 240 points as the Federal Reserve Board decided to decrease the federal funds rate 0.25%.
  • Dow Jones Industrial Average | Bob Brooks - Prudent Money Blog 19 January 2010 9:54 UTC blog.prudentmoney.com [Source type: General]

Trading is typically carried out in an Open Outcry auction, or over an electronic network such as CME's Globex platform.
.The Chicago Board Options Exchange (CBOE) issues Options Contracts on the Dow through the root symbol DJX in combination with long term expiration options called DJX LEAPS.^ In the options pits, the ETF's International Securities Exchange (ISE) and Chicago Board Options Exchange (CBOE) 50-day buy-to-open call/put ratio has been on the rise since early October.
  • Monday Morning Outlook: Dow Jones Industrial Average Still Staring Up at 10,500 19 January 2010 9:54 UTC schaeffersresearch.com [Source type: General]

^ Despite this strong price action, hedge funds have largely ignored the sector, according to data from the International Securities Exchange (ISE) and Chicago Board Options Exchange (CBOE).
  • Monday Morning Outlook: Dow Jones Industrial Average Still Staring Up at 10,500 19 January 2010 9:54 UTC schaeffersresearch.com [Source type: General]

^ The document discusses exchange-traded options issued by The Options Clearing Corporation and is intended for educational purposes.
  • iShares Dow Jones Transportation Average Index Fund (IYT): Overview 19 January 2010 9:54 UTC us.ishares.com [Source type: News]

.Concerning equities, the exchange issues options contracts on Performance ETFs, Inverse Performance ETFs, 2x Performance ETFs, Inverse 2x Performance ETFs, 3x Performance ETFs, and Inverse 3x Performance ETFs.^ The document discusses exchange-traded options issued by The Options Clearing Corporation and is intended for educational purposes.
  • iShares Dow Jones Transportation Average Index Fund (IYT): Overview 19 January 2010 9:54 UTC us.ishares.com [Source type: News]

Calculation

.To calculate the DJIA, the sum of the prices of all 30 stocks is divided by a Divisor, the Dow Divisor.^ This is the sum of all 30 closing prices.
  • Dan Kolber: Stock Market News & Commentary: 1/14/10 Thurs. am Hershey to Bid for Cadbury; MSFT & HPQ in Marketing Deal; Merck Up 3.78% on Analyst Upgrade 19 January 2010 9:54 UTC intellivestsecurities.blogspot.com [Source type: News]

^ To calculate the DJIA, the sum of the prices of all 30 stocks is divided by a divisor .
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ To calculate the DJIA, the sum of the prices of all 30 stocks is divided by Dow Divisor, which is currently 0.132319125.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

.The divisor is adjusted in case of stock splits, spinoffs or similar structural changes, to ensure that such events do not in themselves alter the numerical value of the DJIA. Early on, the initial divisor was composed of the original number of component companies; which made the DJIA at first, a simple arithmetic average.^ The components of the DJIA are not changed often.
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

^ What happened to the original 12 companies in the DJIA? .
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

^ The most frequent reason for changing a stock is that something is happening to one of the components, such as being acquired.
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

.The present divisor, after many adjustments, is less than one (meaning the index is larger than the sum of the prices of the components).^ That is: where p are the prices of the component stocks and d is the Dow Divisor.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ The divisor is adjusted in case of splits, spinoffs or similar structural changes, to ensure that such events do not in themselves alter the numerical value of the DJIA. The initial divisor was the number of component companies, so that the DJIA was at first a simple arithmetic average; the present divisor, after many adjustments, is less than one (meaning the index is actually larger than the sum of the prices of the components).
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ Events like stock splits or changes in the list of the companies composing the index alter the sum of the component prices.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

That is:
 	ext{DJIA} = {\sum p \over d}
where .p are the prices of the component stocks and d is the Dow Divisor.^ To calculate the DJIA, the sum of the prices of all 30 stocks is divided by Dow Divisor, which is currently 0.132319125.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ I went through all DJIA component stocks (Dow 30) to find out what the fair value the Dow is.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ Stock futures fell early Tuesday as investors reacted to a bleak outlook from Texas Instruments and awaited earnings from a trio of Dow components.
  • Dow Jones Industrial Average: News & Videos about Dow Jones Industrial Average - CNN.com 19 January 2010 9:54 UTC topics.edition.cnn.com [Source type: News]

.Events like stock splits or changes in the list of the companies composing the index alter the sum of the component prices.^ Events like stock splits or changes in the list of the companies composing the index alter the sum of the component prices.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ The total value of all the stocks of all the companies in the U. S. is basically the sum of the prices of all the stocks of all U. S. companies.

^ That is: where p are the prices of the component stocks and d is the Dow Divisor.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

In these cases, in order to avoid discontinuity in the index, the Dow Divisor is updated so that the quotations right before and after the event coincide:
 	ext{DJIA} = {\sum p_	ext{old} \over d_	ext{old} } = {\sum p_	ext{new} \over d_	ext{new} }.
.The Dow Divisor is currently 0.132319125.[19][20] Presently, every $1 change in price in a particular stock within the average, equates to a 7.56 point movement.^ To calculate the DJIA, the sum of the prices of all 30 stocks is divided by Dow Divisor, which is currently 0.132319125.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ That is: where p are the prices of the component stocks and d is the Dow Divisor.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ Additionally, the DJIA is criticized for being a price-weighted average, which gives relatively higher-priced stocks more influence over the average than their lower-priced counterparts.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

Criticism

.With the current inclusion of only 30 stocks, critics like Ric Edelman argue that the DJIA is not a very accurate representation of overall market performance; even though it is the most cited and most widely recognized of the stock market indices.^ In other words, regardless of the index used, the equity markets have performed miserably under the seven plus years of George Bush, with the DJIA actually performing better than broader indices.

^ To calculate the DJIA, the sum of the prices of all 30 stocks is divided by Dow Divisor, which is currently 0.132319125.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ Increasing confidence that U.S. companies are the world's technology leaders has fueled the strong stock-market performance of the 1990s.

[21][22]
.Additionally, the DJIA is criticized for being a price-weighted average, which gives higher-priced stocks more influence over the average than their lower-priced counterparts, but takes no account of the relative industry size or market capitalization of the components.^ Additionally, the DJIA is criticized for being a price-weighted average, which gives relatively higher-priced stocks more influence over the average than their lower-priced counterparts.
  • What is Dow Jones Industrial Average? 19 January 2010 9:54 UTC ipedia.net [Source type: General]

^ Bear market swipes at more than just stocks .
  • » dow-jones-industrial-average » Hedge Fund News From HedgeCo.Net 19 January 2010 9:54 UTC www.hedgeco.net [Source type: News]

^ Given that this is so, why isn't the stock market lower than it is?

.For example, a $1 increase in a lower-priced stock can be negated by a $1 decrease in a much higher-priced stock, even though the lower-priced stock experienced a larger percentage change.^ Even though the Dow is going up in price, if everything else is going up in price faster than the Dow, then the Dow is crashing in relative terms.
  • FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007 16 October 2009 6:12 UTC www.financialsense.com [Source type: FILTERED WITH BAYES]

^ If you add all the things you could do with debt or and other ways to increase the multiples, and you could get that even higher, say $100-250 billion.
  • Catherine Austin Fitts Guide to Narco-Dollars by Narco News, 2001 16 October 2009 6:12 UTC www.ratical.org [Source type: News]

^ The adjusted DJIA had a significant uptick this week, primarily due to stock prices rather than an increase in the value of the dollar.

.In addition, a $1 move in the smallest component of the DJIA has the same effect as a $1 move in the largest component of the average.^ How are stocks picked for the DJIA? The editors of The Wall Street Journal select the components of the industrial average.
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

^ DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips .
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

.As of January 2010, IBM and Chevron are among the highest priced stocks in the average and therefore have the greatest influence on it.^ Right now, the average price-to-dividend ratio of the S&P 500 stocks is 32:1 which is on the high side.

^ The Dow Jones Index indicator is a surprisingly good average-stock-price barometer considering the small number of corporations which it encompasses.

^ The average dividend rate ranges from about 2.1% of the price of the stock to about 6.7% of its price per share.

.Alternatively, Bank of America and General Electric are among the lowest priced stocks in the average and have the least amount of sway in the price movement.^ Only one of the original 12, General Electric, is in the average today.

^ His hands-off, or laissez faire, policies contributed to the economic and stock-market booms of the time, and certainly had at least an indirect effect on the popularity of the industrial average.

^ The average dividend rate ranges from about 2.1% of the price of the stock to about 6.7% of its price per share.

.Many critics of the DJIA recommend the float-adjusted market-value weighted S&P 500 or the Wilshire 5000, the latter of which includes all U.S. equity securities, as better indicators of the U.S. stock market.^ In other words, regardless of the index used, the equity markets have performed miserably under the seven plus years of George Bush, with the DJIA actually performing better than broader indices.

^ At the end of the week, the Currency Adjusted DJIA stood at 75.879588% of its value when Bush took office, a dip of almost two points from the previous week.

^ The Adjusted DJIA rose this week, primarily due to the increase in the value of the dollar.

.Another issue with the Dow, is that not all 30 components open for trading at the same time during the start of the opening bell.^ To calculate the DJIA, the sum of the prices of all 30 stocks is divided by Dow Divisor, which is currently 0.132319125.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ I went through all DJIA component stocks (Dow 30) to find out what the fair value the Dow is.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ After the Dow falls more than 550 points, trading is halted again for the final 30 minutes of trading.
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

.Although the NYSE and NASDAQ both open at 9:30 a.m., not all stocks begin trading at that time, particularly if a stock has issued company news or has an order imbalance.^ The NYSE trades nearly 3bn shares for all of 1972.
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

^ Now figure how much of that "income" gets run through the income statement of publicly traded banks and companies and multiply that number by the multiple of income at which their stocks trade.
  • Catherine Austin Fitts Guide to Narco-Dollars by Narco News, 2001 16 October 2009 6:12 UTC www.ratical.org [Source type: News]

^ Real Time Stock News provided by MarketMinute.com Stock Analysis provided by SocialPicks Conference calls info supplied by OpenCompany Fundamental data supplied by Mergent, Inc.
  • http://studio-5.financialcontent.com/mi.modbee/?Page=QUOTE&Ticker=DJ%3ADJI 19 January 2010 9:54 UTC studio-5.financialcontent.com [Source type: News]

.On days when not all of the components open at the start, the posted opening price of the Dow is determined by the price of those components that open first and the previous day's closing price of the remaining components that haven't opened yet.^ This is the sum of all 30 closing prices.
  • Dan Kolber: Stock Market News & Commentary: 1/14/10 Thurs. am Hershey to Bid for Cadbury; MSFT & HPQ in Marketing Deal; Merck Up 3.78% on Analyst Upgrade 19 January 2010 9:54 UTC intellivestsecurities.blogspot.com [Source type: News]

^ I went through all DJIA component stocks (Dow 30) to find out what the fair value the Dow is.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ The average closing price (the closing numerator divided by 30) of Wednesday's Dow Jones Industrial Average was 47.11 up 0.14 from Tuesday's Dow Jones Industrial Average closing price of $46.97.
  • Dan Kolber: Stock Market News & Commentary: 1/14/10 Thurs. am Hershey to Bid for Cadbury; MSFT & HPQ in Marketing Deal; Merck Up 3.78% on Analyst Upgrade 19 January 2010 9:54 UTC intellivestsecurities.blogspot.com [Source type: News]

.On those days, the posted opening price on the Dow will be close to the previous day's closing price, and will not accurately reflect the true opening prices of all its components.^ To calculate the DJIA, the sum of the prices of all 30 stocks is divided by Dow Divisor, which is currently 0.132319125.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ I went through all DJIA component stocks (Dow 30) to find out what the fair value the Dow is.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ Moreover, it could be argued that, if all information held by individual buyers or sellers became available to all participants, the pricing structure would more closely reflect the underlying balance of supply and demand.
  • http://studio-5.financialcontent.com/mi.modbee/?Page=QUOTE&Ticker=DJ%3ADJI 19 January 2010 9:54 UTC studio-5.financialcontent.com [Source type: News]
  • DJ:DJI Stock Quote - Dow Jones Industrial Average stock news and information on Boston.com 19 January 2010 9:54 UTC finance.boston.com [Source type: News]

.Thus, in terms of candlestick charting theory, the Dow's posted opening price cannot be used in determining the positive or negative direction of the equities market.^ Even though the Dow is going up in price, if everything else is going up in price faster than the Dow, then the Dow is crashing in relative terms.
  • FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007 16 October 2009 6:12 UTC www.financialsense.com [Source type: FILTERED WITH BAYES]

^ Blog: The Market Direction thanks for taking the time to share this "valuation compass" for the Dow...
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ I think "fail value" might be a more accurate assessment of the long-term market direction...
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

.However, it should be noted that in recent times due to the advent of pre-market trading and the availability of exchange-traded funds, it has been commonly known that certain ETFs which replicate the movement of stock market indices such as the Dow DIAMONDS (Symbol:DIA); provide a very accurate opening value for the average.^ If you want to do that, you've got to use the Dow ETF (exchange traded fund) known as the Diamonds (stock symbol DIA)… In my opinion however, it's not a very good idea right now.
  • FSU Editorial: "The Dow is Crashing" by Mike Maloney 04/16/2007 16 October 2009 6:12 UTC www.financialsense.com [Source type: FILTERED WITH BAYES]

^ In essence, periodically stocks that are in long-term decline are jettisoned from the average and replaced by stocks in companies whose relative value has been increasing.

^ At the time he wrote this (1997), the stock market was overvalued.

.As an example, if the ETF opens the trading session with a 76¢ loss; then that would strongly indicate roughly a 76-point loss for the Dow within the first few seconds or so, even before all of its components open for trade.^ I went through all DJIA component stocks (Dow 30) to find out what the fair value the Dow is.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

^ After the Dow falls more than 550 points, trading is halted again for the final 30 minutes of trading.
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

^ However, we must deter or even stop all this short term trading and the mentality behind it.
  • What's the Fair Value for the Dow Jones Industrial Average? -- Seeking Alpha 19 January 2010 9:54 UTC seekingalpha.com [Source type: General]

.Likewise, if the ETF starts the trading session higher by $1.12, then that would signal an approximate gain for the Dow of 112 points at the open, even if some components begin trading at 9:31 a.m.^ My thought would be to have some sort of running chart comparing Clinton, Bush, and Obama at various points in their administrations.

^ Rises 889.35 to close at 9,069.12, up 10.88%, second largest point gain and fifth largest % gain in history .
  • History of Dow Jones Industrial Average 19 January 2010 9:54 UTC www.mdleasing.com [Source type: News]

^ August 1998 The Dow closes 299.43 points down at 8487.31 - then the index's third biggest one-day points loss.
  • DOW JONES INDUSTRIAL AVERAGE MILESTONES DJIA from 1896, Record High, Greatest Gains, Losses, Declines, Falls, Rises, 1896, Components, blue chips 19 January 2010 9:54 UTC www.finfacts.ie [Source type: News]

or 9:33 a.m. due to a delay.

See also

References

  1. ^ Sullivan, Arthur; Steven M. Sheffrin (2003). Economics: Principles in action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. pp. 290. ISBN 0-13-063085-3. http://www.pearsonschool.com/index.cfm?locator=PSZ3R9&PMDbSiteId=2781&PMDbSolutionId=6724&PMDbCategoryId=&PMDbProgramId=12881&level=4. 
  2. ^ Berman, Dennis K. McCracken, Jeffrey (February 11, 2010). "CME Buys 90% of Dow Jones Indexes". The Wall Street Journal. Retrieved February 11, 2010.
  3. ^ TheStreet Staff (February 11, 2010). "CME Buys 90% of Dow Jones Indexes". TheStreet.com. Retrieved February 11, 2010.
  4. ^ Dow Jones Indexes Symbols and Components. Dow Jones Indexes. Retrieved March 14, 2010.
  5. ^ Browning, E.S. (2009-06-01). "Travelers, Cisco Replace Citi, GM in Dow". Wall Street Journal (Dow Jones & Company). http://online.wsj.com/article/SB124386244318072033.html. Retrieved 2009-06-02. 
  6. ^ Dow Jones (2008-02-11). "Dow Jones to change the composition of the Dow Jones Industrial Average". Press release. http://www.djindexes.com/mdsidx/html/pressrelease/press-release-archive.html#20080211. Retrieved 2008-02-11. 
  7. ^ Dow Jones Indexes Website. Dow Jones Indexes. Retrieved March 14, 2010.
  8. ^ What happened to the original 12 companies in the DJIA?. Dow Jones Indexes. Retrieved March 14, 2010.
  9. ^ Dow Jones Indexes Events and Statistics. Dow Jones Indexes. Retrieved March 14, 2010.
  10. ^ Anderson, Benjamin (1949). Economics and the Public Welfare: A Financial and Economic History of the United States, 1914-1946. LibertyPress (2nd ed., 1979). p. 219. 
  11. ^ Buffett, Warren (February 2008). "Letter to Shareholders" (PDF). Berkshire Hathaway. http://www.berkshirehathaway.com/letters/2007ltr.pdf. Retrieved 2008-03-04. 
  12. ^ Dow Jones Industrial Average Historical Prices. Yahoo Finance. Retrieved March 14, 2010.
  13. ^ McHugh, Robert D. (July 1, 2007). July 26, 2007…Black Thursday?. Gold Eagle Financial News. Retrieved February 14, 2010.
  14. ^ Murchie, Kay (August 17, 2007). Black Thursday on Stock Market. FinanceMarkets.co.uk. Retrieved February 14, 2010.
  15. ^ Dow Jones Industrial Average Historical Prices. Google Finance. Retrieved March 14, 2010.
  16. ^ Dow Jones Industrial Average Historical Prices. Google Finance. Retrieved March 14, 2010.
  17. ^ IndexUniverse Staff (February 8, 2010). "ProShares Plans More 300% Geared ETFs". IndexUniverse.com. Retrieved February 10, 2010.
  18. ^ S.E.C. (February 5, 2010). "ProShares Registration Statement". S.E.C.. Retrieved February 10, 2010.
  19. ^ New Dow Divisor for Dow Jones Industrial Average. CME Group. Retrieved March 14, 2010.
  20. ^ GM, Citi Officially Get Boot From Dow Industrials at Bell. The Wall Street Journal. Retrieved March 14, 2010.
  21. ^ Edelman, Ric (December 23, 2003). The Truth About Money 3rd Edition. Harper Paperbacks. p. 126. ISBN 978-0060566586.
  22. ^ How Dow Jones Wrecked The Dow Jones Industrial Average. Business Insider. Retrieved March 14, 2010.

External links


Simple English


The Dow Jones Industrial Average (NYSEDJI), also called the DJIA, Dow 30, or informally The Dow Jones or The Dow) is one of a few stock market indices created by nineteenth century Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. There are 30 companies that make up the Industrial Average. It used to be that most of the companies were in heavy industries, such as steel, oil, autos, and appliances, but it now has from many different industries.

These are the companies that currently make up the Dow Jones:



Citable sentences

Up to date as of December 22, 2010

Here are sentences from other pages on Dow Jones Industrial Average, which are similar to those in the above article.








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