Apr. 3rd, 2004

xiphias: (Default)
Now, please understand, I don't really grok what exactly the Dow Jones Industrial Average is, or why the stock prices of those companies is supposed to be a mark of the health of the economy as a whole.

And I don't get how they generate that number. So all of what I'm doing might be totally missing the point.

But I did some quick adding. I added up the stock prices of the thirty stocks, in cents, that WERE in the Dow Jones before they switched what made up the Dow Jones, and I divided by 30. And I got 10480, which, as I understand it, is pretty close to what the stock market was.

Then I added up the stock prices of the thirty stocks that are NOW in the Dow Jones and divided by 30. And I got 12185.

Now, like I said, I don't really get how the Dow Jones is calculated. But I thought that maybe if you replaced the lower-priced stocks with the higher-priced stocks, then you'd expect the Dow Jones to go up by 1705, even if stock prices didn't change at all.

But instead, stock prices went up by 150.

Can someone explain to me what that means? Because to me, it looks like stock prices DROPPED by 1555. But that's not what any of the financial news is saying. And I figure that they probably know what's going on better than I do.

At least, I hope they do. But I'm no longer 100% sure about that.

What am I missing?
xiphias: (Default)
See, a broiled chicken neck is one of the things that you put on the seder plate. And the Butcherie sells chicken necks by the pound. I got the smallest thing of 'em that I could find. But I'm going to use one for the seder plate, and maybe another one or two for soup, and that leaves like a dozen. Anyone want one, or ten?

November 2018

S M T W T F S
     123
45678910
11121314151617
18192021222324
252627282930 

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags