During my long drives to work I have time to think about things because I don’t have my Sirius satellite and have to listen to regular radio and all the f’ing commercials. NPR however is the bomb I must say, even when the play David Frum editorials and don’t mention he was Bush’s speechwriter. That and when they have Bank of America Economists talking about President Obama’s stimulus package being the largest ever “PEACE TIME” spending this country has ever seen. I guess that guy doesn’t realize we are fighting two wars. That’s ok, neither does 80% of the country.
Anywhooo, my question is this:
Historically people have always said the stock market over time always goes up and blah, blah, blah. Then they talk about how the DOW this and the DOW that. Historically they have this and that.
Actual question:
Don’t they move in and out companies in the DOW? Doesn’t that skew the historical numbers? Isn’t it sorta bullshit to say that the DOW has always performed XY and Z over year x to year y? GM is getting moved out, Sears got pushed out a decade ago and along the way others have been added in right?