new dow

rklose at rklose at
Thu Oct 15 10:04:57 PDT 1998

Two questions LBOers:

1) Companies occasionally are changed in the Dow Jones industrial

average as a result of mergers or other factors. Examples, in 1997,

Westinghouse, Texaco, Bethlehem Steel and Woolworth, all were dropped.

Although adjustments are made to the weighting, has anybody ever

closely examined how the Dow index would have fared if obviously

lagging companies hadn't been removed?

2) Any suggestions on the best indices to track market performance AND

economic performance? In other words, there's a disconnect between

market-related indices and how well Joe Sixpack is doing.


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