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The Dow Jones Industrials --- A Blue Chip Average No More

To most investors, the DJIA provides all of the information they think they need, and they worship it mindlessly, thinking that this time tattered average has mystical predictive and analytic powers far beyond the scope of any other market number. It's Wall Street's rendition of 'The Emperor's New Clothes'.

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Related Tags (related articles): Dow (876), DJIA (18), average (186), investor (451), stock market (392), Wall Street (156), bonds (115), income (649), asset allocation (73), portfolio (199), NYSE (15), NASDAQ (17), indicator (30)

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