Wednesday, September 11, 2013

Let's Keep That Stock Market Shell Game Going...

So, the Dow Jones “industrial” average, as we know, is a complicated amalgam of just 30 corporations. From time to time, they will remove certain companies from the DJ and replace them with some other corporations.

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!!!):

Don’t look behind the curtain, nothing to see here, move along, move along!

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