To: BenLurkin
http://quote.bloomberg.com/apps/news?pid=10000006&sid=a0IrOjl2YuAw&refer=home Update: "American International Group Inc., Verizon Communications Inc. and Pfizer Inc. will be added to the Dow Jones Industrial Average, Dow Jones & Co. said.
Eastman Kodak Co., International Paper Co. and AT&T Corp. -- the average's three smallest companies by market value -- will be removed from the 107-year-old benchmark. The changes will be effective with the opening of trading on April 8, Dow Jones said in a news release."
To: rightcoast
How can you actually judge historical performance when you get rid of companies? I can see if a company goes bankrupt, out of business, etc... removing them, but removing a bellweather stock because it's size isn't so great kind of defeats the purpose of the average IMHO.
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