Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (66637)	2/11/2001 5:46:43 PM
From: Bull RidaH	Read Replies (1) of 436258

All they have to do is hold up the 7 seven stocks priced over 70 (IBM, MMM, JNJ, XOM, MRK, UTX & PG) and the DOW can't go down. averages.dowjones.com Notice from the link that these 7 make up 38.394% of the Dow's value, even though 7/30= 23.3%. A 1 point move up in IBM (a .89% gain) offsets a 1 point decline in Intc (a 2.95% loss), as a 1 point move in ANY stock on the Dow represents 6 Dow points based on the current multiplier. They can arbitrarily manage the value of the Dow by deciding when to split a stock. Had they not split GE 3 for one when it was up near 60, the Dow would be a heckuva lot lower. Maybe shorting the high priced Dow stocks isn't such a good idea?? Gotta wait for them to split.

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