DJIA

[struggle4progress]

Poll question: DJIA

[Muttocracy]

1. Don't know anything about economics but I'd say we need sustainability rather than growth

But the way everything is measured seems to gear everything for consumption, short-term increases, productivity increases that may help the environment in some cases but also remove jobs.

And the profit/inflation upward spiral baffles me. I liked how when Ithaca, NY's local currency was created they called it Hours to indicate it was related to human effort, not some arbitrary number.

[TheWatcher]

2. A completely Irrelevant Barrometer for the real economy.

A Rigged Casino that is more of a Price Adjustment/Price Setting Mechanism than a real Market.

It usually goes up only on well placed Propaganda and Perception Management mechanisms, such as today's "leaked memo" that Citi was "Profitable" in the first trwo months of this quarter.

It was all based on a memo that gave absolutely no details, no proof of the message it was giving, just "hopes", "beliefs", and "assurances".

Wall Street and the people that run it, The Banks, Trading Desks, Brokerage Houses, Hedge Funds, and TPTB are determined to preserve their Ponzi Status Quo no matter what, even if it means killing the rest of us and destroying the country and the economy along with it.

I simply do not see why most cannot or refuse to get this.

Perhaps in April, when we find out that Citi was lying, and the Market continues it's path to 4500, people will begin to wake up to the fact we have a bunch of childlike psychopaths and socipaths running the Banking and Financial system of this country.

[Double T]

3. wall street won't save our collective ASSES but it certainly will bury THEM.

DJIA is the measure for investor insanity.

[JackRiddler]

4. Thirty large corporations the Dow Jones company happens to think are important...

at the moment,
averaged according to a weighted formula,
which are swapped out as necessary
to reflect rises and falls in their fortunes,
and to maintain the illusion that the index represents
everything that matters most about the US economy,
which Dow Jones has successfully sold to investors
and the people at large
as the most important indicator of
everything good in the world.

[rug]

5. Dow Jones, the Matrix of the economy.

[slackmaster]

6. Other

My fabulous gun collection continues to appreciate in value while most other investment categories flail impotently.

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