Saturday, September 20, 2008

The Next Time a RadioMouth Yaps About "Dow UP"...

As the intrepid and valuable skeptic Vox points out:

...these are the companies that were part of the Dow Jones Industrial Average in 1998 that are no longer so: Chevron Corporation, Goodyear Tire & Rubber, Union Carbide, Sears Roebuck, AT&T Corporation, Eastman Kodak, International Paper Company, Altria Group (Phillip Morris) and Honeywell International. These declining companies were replaced by healthier, more growth-friendly corporations like the American International Group,

So that "10 year average increase" of 4.4% (shitty increase, by the way) is....ah....a bit manipulated, I guess.

Goodyear blew up. Union Carbide, ditto (literally, in India...). Sears got out-maneuvered by the banko K-Mart (!!); Eastman cannot buy sales anymore.

Real measurement. All the time.

Yah, right.

No comments: