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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Bonefish who wrote (142857)	8/25/2020 3:47:04 AM
From: Winfastorlose	7 Recommendations Recommended By isopatch kidl Raimiar Civic robert b furman roguedolphin and 2 more members Read Replies (2) \| Respond to of 207118

XOM's removal is total nonsense. I don't own the stock, but if anything deserves to be in there, XOM does. XOM is the 8th largest company in the world by revenue. Salesforce is tiny by comparison. It's revenue base is only 6% of XOM's XOM is the second largest company in the USA, eclipsed by only WMT. Dow Jones said the reason the three stocks were changed was to more accurately represent industries in which the USA had leadership positions, but oddly enough, the USA is the world's largest oil & gas producer and XOM is the USA'a largest company in that sector (although it is vertically integrated and also gets revenues from refining, marketing and transport). I agree with you on PFE as well. Not sure why AMGN should have replaced it. They have changed the Dow so much over the past 20 years that they should no longer call it an "Industrial Average" There is very little industrial to it. It is just an arbitrary collection of stocks and not even the largest ones. The Dow has become irrelevant. Now even more so. . Very little makes sense anymore. Not about the market. Not about the behavior of people. Not about much of anything. Up is down and down is up. Good is bad and bad is good. It is as though all logic has been tossed out the door and been replaced by almost comical insanity.