Posts Tagged ‘Dow’

Dow above 10,000!

October 14, 2009

Yes, the unimaginable has happen. Less than a year ago no one would have thought of the Dow at 10K.   If you miss the 53% gain from March lows you might still have the a chance.  The market will probably dip below 10K for the next few days and that represents a buying opportunity.  The Dow closing above 10,000 has significant meaning.  The  significance of the Dow hitting 10K is that it shows people that the worst is over (at least for now).  I doubt that the Dow will go up another 50% but you never know.

The Dow 30 shuffle

June 4, 2009

This financial crisis is causing a stir in the Dow 30. The Dow 30 this year is dropping a few well known company and replacing them with other.

GM is replaced by Cisco (CSCO)

Citigroup (C) is replaced by Travelers Group (TRV)

AIG was replaced by Krafts Food Inc (KFT) back in September ’08

Usually, companies that are removed from an index the stock declines a bit and of course companies that are added to an index the stock gets a nice bounce.


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