Bianco: The Dow is Distorted
January 21, 2009 James A. Bianco, CEO of Bianco Research, LLC
Comment - The Dow Jones Industrial Average (DJIA) is a price weighted index. The divisor for the DJIA is 7.964782. That means that every $1 a DJIA stock loses, the index loses 7.96 points, regardless of the company’s market [...]
Bianco: The Dow is Distorted
January 21, 2009 James A. Bianco, CEO of Bianco Research, LLC
Comment - The Dow Jones Industrial Average (DJIA) is a price weighted index. The divisor for the DJIA is 7.964782. That means that every $1 a DJIA stock loses, the index loses 7.96 points, regardless of the company’s market [...]
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