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Why is the DOW Still Used as a Measure of Market Movement?

 
Works4Me
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User ID: 75489966
United States
11/12/2018 01:20 PM
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Why is the DOW Still Used as a Measure of Market Movement?
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
Six foot girl gonna sweat when she dig

Stand close to the fire, when they light the pig
rosicrucian1

User ID: 76960994
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11/12/2018 01:23 PM
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Re: Why is the DOW Still Used as a Measure of Market Movement?
you have a valid point, it should be possible now to tall all stocks and give a definite up or down...
“the devil is a foe to the blood” Prof. Minor
Works4Me  (OP)

User ID: 75489966
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11/12/2018 03:14 PM
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Re: Why is the DOW Still Used as a Measure of Market Movement?
you have a valid point, it should be possible now to tall all stocks and give a definite up or down...
 Quoting: rosicrucian1


So many people have all their psychic energy tied up in the market, every move down is a small jolt of pain for the faithful.

Money is the religion of the masses, to paraphrase marx
Six foot girl gonna sweat when she dig

Stand close to the fire, when they light the pig
SagoP

User ID: 3010096
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11/12/2018 03:26 PM
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Re: Why is the DOW Still Used as a Measure of Market Movement?
Bingo OP!
Shiva ascendant

User ID: 76584331
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11/12/2018 03:26 PM
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Re: Why is the DOW Still Used as a Measure of Market Movement?
Nobody in the know does, the S&P is a far better indicator of market health.
That was fun but oh well...