Well, today it’s announced that the following three companies are being dropped: Bank of America, Hewlett Packard, Alcoa.
BofA is caught up in the middle of the housing disaster of the last six years.
HP is fumbling badly in the computers and printers market, what with the advent of tablets and smartphones.
Alcoa is aluminum - a key to the manufacturing base, which is also failing these last number of years.
Replacing these are the following (SURPRISE, SURPRISE!!!):
- Alcoa (aluminum manufactured in US) is being replaced by Nike (shoe company manufactured in Asia)
- HP (a failing US tech company) is being replaced by Visa (makes it money off of credit card debts)
- BofA (who holds much of the housing baggage) is being replaced by... wait for it… GOLDMAN SACHS! (you know, the institutional bank that last spring told everyone NOT to buy gold, and then went right about buying a bunch of that precious metal all by itself).
Don’t look behind the curtain, nothing to see here, move along, move along!