The Dow's Phoney New High - Aussie Stock Forums

Results 1 to 3 of 3
  1. #1
    Rotaredom wayneL's Avatar
    Join Date
    Jul 2004

    Default The Dow's Phoney New High


    Quote Originally Posted by Aaron Levenstein
    "Statistics are like bikinis. What they reveal is suggestive, but what they conceal is vital."
    Some excellent analysis regarding the new dow highs. Check it out:


    ....But look beyond the headlines, and you see a different story. While the Dow hit a new high today, not a single of its component stocks did. Interesting, isn't it? The index is at a new all time high, but 70% of its components are down 20% or more!

    The Dow Jones Industrial Average is composed of 30 stocks. Of these, fully one third of them - 10 stocks - posted their all time highs last century: Coca Cola (KO) and Dupont (DD) in 1998; and McDonalds (MCD), Walmart (WMT), Honeywell (HON), IBM (IBM), Pfizer (PFE), Verizon (VZ), AT&T (T), and Microsoft (MSFT) back in 1999 - seven years ago. Ten stocks made their all-time highs in 2000: Citicorp ( C), JP Morgan (JPM), Walt Disney (DIS), American International Group (AIG), General Electric (GE), Hewlitt Packard (HPQ), Home Depot (HD), Merck (MRK), General Motors (GM), and Intel (INTC).

    Only 7 stocks made their new high in 2006, and of these only 3 of them are within 5% of their new high today. 21 of the 30 Dow stocks - that is 70%, folks! - are down 20% or more!

    See for yourself in this chart:More==============>>>>>>>>

  2. #2

    Default Re: The Dow's Pnoney New High

  3. #3
    Billie Jean is not my lover Realist's Avatar
    Join Date
    Jun 2006

    Default Re: The Dow's Pnoney New High

    Well that is enough evidence for me.

    On Monday it'll be BUY BUY BUY!!!
    Never buy anything because it has gone up in price.

Similar Threads

  1. Where's the DOW heading today?
    By leong in forum International Markets
    Replies: 33
    Last Post: 5th-May-2009, 08:10 AM
  2. What's involved with trading the DOW Jones?
    By MalteseBull in forum International Markets
    Replies: 11
    Last Post: 16th-October-2006, 01:43 AM
  3. Daytrading the Dow Video
    By wayneL in forum Trading Strategies/Systems
    Replies: 25
    Last Post: 7th-September-2006, 12:32 AM
  4. Hi all! and "Dogs of the Dow"
    By pepperoni in forum Beginner's Lounge
    Replies: 5
    Last Post: 6th-June-2006, 01:01 PM
  5. Why is the market fixated on the dow?
    By markrmau in forum Stock Market Nuts and Bolts
    Replies: 2
    Last Post: 17th-April-2005, 11:41 AM

Tags for this Thread


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums