Why is the market fixated on the dow? (which is an index comprised of 29? companies)
I'm sure 50yrs ago, it was an easily calculated index that could be used as a barometer for the US market health. But these days? Surely the S&P500 would be more appropriate.
Crikey, GM is even in the Dow. What happens when it files for chapter 11 sometime in the next year or two?