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Why is the DOW Still Used as a Measure of Market Movement?
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[quote:Shiva ascendant:MV8zOTMwOTI0XzcwOTU0MDg0X0YwNTE5NzE3] Nobody in the know does, the S&P is a far better indicator of market health. [/quote]
Original Message
Back in the day, the DOW was used as a broad measurement of market activity. This was before the widespread use of computers and calculating the movement of each stock would be tedious and time consuming.
Today, a market reading of ALL stocks of the major markets could be done on a real time basis and preclude the game playing and market manipulation that takes place with the major exchange indices.
Only conclusion is that DOW is only a tool of mass influence, not market health
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