[lbo-talk] Dow 21,000 by 2010

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Thu Apr 3 11:08:36 PST 2003


Wojtek asks:


>> Dow 21,000 by 2010
>
> Pardon my ignorance, but can anyone explain to me in PLAIN
> English what the numerology behind stock market report means?
> 21,000 of what?

Short answer: Index points :-) Longer answer: the DJIA (and in general, other averages) is a weighted average of the prices of the index constituents.

Here's a detailed answer: http://money.howstuffworks.com/question44.htm



More information about the lbo-talk mailing list