Dow-Jones' Decline Largely Impacted by Index Changes [View article]
Purpose of the index is not to pick stocks with strength but to reflect the overall market place. With that said, many of the companies had to be removed from indices due to obsolescences or bankrutcies. AIG needed to be gone, just as the original DOW compoents: American Cotton Oil - Predecessor of Bestfoods American Sugar - Evolved into Amstar Holdings American Tobacco - Broken up in 1911 by antitrust actions Chicago Gas - Now part of Peoples Energy Distilling & Cattle Feeding - Evolved into Millennium Chemicals Laclede Gas - Still in operation as Laclede Group National Lead - Now known as NL Industries North American - Utility broken up in the 1940s Tennessee Coal, Iron and Railroad Company - Bought by U.S. Steel US Leather - Dissolved in 1952 US Rubber - Now part of Michelin
Thanks for the listing...it has been a wiped out for big caps...what's not shown are similar bloodletting for mid & small caps as well. Only shining stars are oil/services and TIPs.
Dow Member Year to Date Performance [View article]
sym Today <---> Peak(Oct-07) <---> Low(Mar-09) <---> YTD Change
dow 8447.53 <---> -40.36% <---> 30.57% <---> -3.74%
nas 1835.04 <---> -35.82% <---> 45.00% <---> 16.36%
spx 919.33 <---> -41.26% <---> 37.87% <---> 1.81%
Dow-Jones' Decline Largely Impacted by Index Changes [View article]
American Cotton Oil - Predecessor of Bestfoods
American Sugar - Evolved into Amstar Holdings
American Tobacco - Broken up in 1911 by antitrust actions
Chicago Gas - Now part of Peoples Energy
Distilling & Cattle Feeding - Evolved into Millennium Chemicals
Laclede Gas - Still in operation as Laclede Group
National Lead - Now known as NL Industries
North American - Utility broken up in the 1940s
Tennessee Coal, Iron and Railroad Company - Bought by U.S. Steel
US Leather - Dissolved in 1952
US Rubber - Now part of Michelin
www.money-zine.com/Inv.../
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