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Strategies & Market Trends : Classic TA Workplace
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To: skinowski who wrote (77512)7/16/2003 11:13:49 PM
From: AllansAlias  Read Replies (1) of 209892
 
The Industrial Average components in 1927, the year that "United Drug" was substituted for "Remington Typewriter":

 Allied Chemical          American Locomotive 
 American Can             American Smelting 
 American Car & Foundry   American Sugar 
 American Tel & Tel       Sears, Roebuck 
 American Tobacco         Texas Corp. 
 General Electric         United Drug 
 General Motors           U.S. Rubber 
 International Harvester  U.S. Steel 
 Mack Trucks              Western Union 
 Paramount Famous Lasky   Woolworth

Then, as now, the Dow was behind the times somewhat.

Try to imagine how magical this time must have been.

For the first time, the US was seen by themselves and the world as the new power. It was now a creditor nation that was producing massive quantities to rebuilt Europe.

The airplane had proven itself in the war and promised a bright future for investors.

For the first time ever, folks could get realtime information. The radio was transforming the world.

Modern advertising was born. Image-making was born.

The jazz age.

Skyscrapers.

The automobile was everywhere now. The market for it appeared to have no top.

The railroads were king, but an aging king.

Oil development was booming.

The 19th century passed in the 1920's. The modern world was born then I think.
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