Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Reminds me of thhis from a few days ago:

The Dow Jones Industrial Average is a Hoax | naked capitalism

On the other hand, companies in the take-off or acceleration phase are added to the index. This greatly increases the chances that the index will always continue to advance rather than decline. In fact, the manner in which the Dow index is maintained actually creates a kind of pyramid scheme! All goes well as long as companies are added that are in their take-off or acceleration phase in place of companies in their stabilization or degeneration phase.

by generic on Sat May 17th, 2014 at 06:27:52 AM EST

Others have rated this comment as follows:

Display:

Occasional Series