GM and Citigroup removed from DOW

[Guest guest]

The DOW average is a group of 30 companies from various parts of the economy that are supposed to give an overall indication of how the economy is doing. GM and Citigroup will be removed from the DOW.

I think that we can expect to see the DOW begin to show an improvement once this delisting is complete and their replacements listed. After all, if you remove the lowest scorers in class from the roster, test score averages will appear to rise.

However, this will be a false measure, just as false as removing the lowest test scores from the rest. The economy will still be shaky, GM could still fail, and once all these new taxes, universal health care and cap and trade go through, not to mention the "environmental justice" the new EPA head is talking about, the economy will be in even worse shape. Let's not forget inflation.

So, what I see happening here is an attempt at misdirection. The hope is that by stacking the deck in the DOW, it will go up. It will be a fraud of course, one that will mask very real problems until they bite us.

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