Miken

New Candidates for the Dow Jones Average

This writer is typical of the American government and Americans in general. Today the DJIA has very little representation from the manufacturing sector. I don't care if it's GM, I doubt that they care either. The author has not recommended one manufacturing company to replace GM. It's as if the country has only banks, entertainment, and software companies.

But the DJIA is supposed to a representation of the economic health of the markets, the manufacturing sector is quickly disappearing and the suggestion is that we ignore it completely in the Dow. If we can't see the problem, maybe it doesn't exist. Show me a country without a strong manufacturing sector, and I'll show you a third rate country.