SPDR Dow Jones Industrial Average Message Board
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Dow 30..."the" misleading indicator.
I don't like media using only 30 stocks as the market index. I think it's an inaccurate indicator that's overused, and has tendency to fuel the fear unjustly.
Today's market mostly trades on emotional greed and fear and misleading indicator such as DJ30 is making this economy worse in my opinion.
This is why saavy traders use SP500 instead, but unforntuately, all major medias around the world are reporting on Dow index numbers and continues to fuel the fear which is destroying the economy.-
Of course all indices have fallen similar amount to DJ30 but that exactly the point that I'm making. I think too many program trading and market sentiment may be based off the DJ30. I don't know it for a fact but it just feels that way. I guess same is true on the upside as well.
- 1 Reply to zencowboe
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"I think too many program trading and market sentiment may be based off the DJ30."
How exactly is program trading or market sentiment your business?
Don't worry about it.
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You may have noticed the SP500 is also in the tank.
- 1 Reply to aluisious81
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run a spy & dia chart, very close.
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They trade pretty much in line with each other, doesn't matter much.
And if you are talking about fear, pull up a chart and you'll see the S&P down 40% over the last year, and the Dow is down 35%. So tell me which one is worse again?
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