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To borrow from from Joe Biden
Topic Started: Jun 21 2018, 03:32 AM (54 Views)
Pat
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Fire & Ice Senior Diplomat
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https://www.washingtonexaminer.com/opinion/general-electric-poster-child-of-obamanomics-dropped-from-the-dow-jones-index

"Well, this is big government"

GE one of the founding members of the DOW index has been dropped. Obamanomics were followed the the companies grave.
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Brewster
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I'm sure you're correct - it was all Obama's fault.

It is odd, though, how it happened a year and a half into Trump's watch.
Edited by Brewster, Jun 21 2018, 03:38 AM.
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Pat
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Brewster
Jun 21 2018, 03:38 AM
I'm sure you're correct - it was all Obama's fault.

It is odd, though, how it happened a year and a half into Trump's watch.
It's not Obama's fault Brew, it's GE's fault for jumping on board. It takes awhile for a large conglomerate to collapse. Consider a King Kong giant, shoot them in the heart at 3PM and it takes some time to hit the canvas. Same in this case.
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Sea Dog
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That is why I pay no attention to the Dow.
Each time a company falters, it is removed to keep the numbers looking good.
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Stoned
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Pat
Jun 21 2018, 03:43 AM
Brewster
Jun 21 2018, 03:38 AM
I'm sure you're correct - it was all Obama's fault.

It is odd, though, how it happened a year and a half into Trump's watch.
It's not Obama's fault Brew, it's GE's fault for jumping on board. It takes awhile for a large conglomerate to collapse. Consider a King Kong giant, shoot them in the heart at 3PM and it takes some time to hit the canvas. Same in this case.
As if no other companies were ever displaced on the DJIA



https://en.wikipedia.org/wiki/Historical_components_of_the_Dow_Jones_Industrial_Average



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Pat
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I won the bet, I forecast none of you would deal with the story line. I love free lunches.
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Berton
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Pat
Jun 21 2018, 06:14 AM
I won the bet, I forecast none of you would deal with the story line. I love free lunches.
thumbsup :party:
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