General Electric bounced from the Dow 30.
Coinstartled
Posts: 10,135 ✭✭✭✭✭
Oh My!
1
Coinstartled
Posts: 10,135 ✭✭✭✭✭
Comments
That's been coming for a few years now, IMO
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Why were they bounced? Were they bringing down the Dow Jones Industrial average?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
S&P Dow Jones Indices announced on Tuesday that the iconic maker of light bulbs and jet engines will be replaced in the 30-stock index by Walgreens Boots Alliance.
GE (GE) was an original member of the Dow in 1896 and has been in it continuously since November 7, 1907.
Being ousted from the Dow is the latest indignity for GE, which is dealing with a serious cash crisis caused by years of bad deals. GE has replaced its CEO, slashed thousands of jobs and cut its coveted stock dividend in half.
"Today's change to the DJIA will make the index a better measure of the economy and the stock market," Blitzer said.
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
I suspect that the goal was to reflect the 20% of the economy which is now controlled by the so called health care industry.
Walgreen is number 5 of the 30 entities along with J&J, United Health, Merck and Pfizer.
MMM has a hand in the industry but is broadly diversified.
A premier index (any of them) has to be made up of premier entities.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Sad !!!
$108 billion in debt at the end of 2017, no profit, and a market cap nearing $100 billion. Can't say I have a positive outlook on GE, at least in the short-term. I do own a small amount of shares though.
It was the second oldest stock in the index
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Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
First consolidated buggy whip is ousted now GE !!!!!!
Exactly, when a stock stops rising it gets bounced. Replaced by one to pump the index higher. The good ole ponzi scheme. Bring on DOW 100K lulz
The whole worlds off its rocker, buy Gold™.
We are becoming a nation of pill heads, makes sense I guess to have 20% of the DOW composed of the pill pushers. Crazy world.
The whole worlds off its rocker, buy Gold™.
what happened to the guy that disagrees with all your posts ? He's been slacking lately
He sent the alt right army after me. Still getting 10-20 a day, even when I don't even open my mouth. lol
The whole worlds off its rocker, buy Gold™.
There were several reasons why Warren Buffett said the DJIA would be at 1,000,000 within 60 years.
I disagreed with him this time because what he wrote is not accurate. But that might only be the second time I've disagreed. I usually withhold that for comments on which are blatantly incorrect.
Knowledge is the enemy of fear
I heard on the radio, the lowest valued company in the dow 30 must be worth at least 10% of the highest valued company in the dow. Ge was around 6 or 7% for a couple of years now. Looks like they stopped letting them slide.
Times and markets all change.... interesting to see an old, established entity fall off though.... Cheers, RickO
Waitin' on the global warming crowd to come up with a new way of measuring temperatures.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
When DC killed off the incandescent bulbs, it was all over.
who are they going to replace ge with?
someone who can only go up
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Walgreen is the new component.
It’s about time
We bring good things to life...
That's what Dr. Frankenstein said............
See there he is sending out his other ID happyhunting. Got another 100 disagrees from this clown again today. I'm telling you right now, the rare coin business in Arizona is non-existent at this point. Going to need some internet anti stocking order. lol What a nut job.
The whole worlds off its rocker, buy Gold™.
You should create an alt to disagree with them. Fly under the radar though so no one knows , something like dudeblitz they will never suspect a thing.
There is no happy hunting in arizona , I mean how happy can shooting a cactus make you? Try skinning one of those out sometimes ouch
Or perhaps my alt would just disagree with myself.
The whole worlds off its rocker, buy Gold™.
I created an alt once and tried to post with it and it said post must be approved it wouldn't go through. Still waiting , the approval hasn't come through yet
Years ago when I worked at a software company I remember some financial suits came in to talk about 401K investments. They heavily touted the DOW index showing how it rarely goes down and has had significant growth since 1929.
Well, DUH.
If you continually drop weak companies from the index and add new strong and growing companies to the index then of course the chart will look good.
I'd like to see a chart of a new index, which would contain all the booted DOW components, before, during and after their tenure in the DOW, adjusted for inflation.
Yeah, I wish the economy of today was the same as in 1918.
Knowledge is the enemy of fear
The value of the dollar as well!
Nah....I'll just take more of them.
Knowledge is the enemy of fear
How many would you like?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I'll take all you got...PM me for address. Or I'll just stop by your place. I owe you a beer anyway. Think the bar will accept them?
Knowledge is the enemy of fear
A cohodk and derryb lunch would be even better than Warren Buffett. I would just sit back and listen...
The fight for the check would be epic!
Ever read The History of Money by Jack Weatherford? Lots of interesting tidbits regarding currency devaluations through the ages.
He claims The Wizard of Oz (ounce) is all about capitalism. Remember the Yellow Brick Road?
If cohodk owes derryb a beer, and Baley owes cohodk a beer, and derryb owes Baley a beer, that's three obligations to deliver a beer, yet none of us is drinkin?
Something ain't right about this situation
To make matters worse, jmski made bets with msmorrisine, whether and who would deliver the beers and when, and then they both hedged their bets by using strangles and straddles backed by mrcommem and renski. Now there are seven of us, and a 12 pack owed, and no damned brewskis in sight.
Owe, woe is us..
Oh jeez, here comes OPA with a bottle opener and a puzzled look, and Weiss with a frozed 240-year-old stein ...
Liberty: Parent of Science & Industry
yikes i bought 4,000 shares in 1995 and have just left them alone. might need to look at it.
Best place to buy !
Bronze Associate member
Damn derivatives. Lol
Knowledge is the enemy of fear
My brother in law,Uncle, and 3 cousins were heavy into GE for many years. Will have to make sure they stay out of tall buildings for awhile.
A-ha Baley, I knew you'd see it my way.
Knowledge is the enemy of fear
Enough is enough! This blitzdud guy is clearly delusional and perhaps dangerous. Blitzdud is clearly a paranoid schizophrenic that has been stalking me for months. He has deluded himself into believing that I have created an alter ego "happyhunting" to persecute him. I have reported him numerous time to PCGS, to no avail. I sincerely hope he gets the mental help he clearly needs.
He isn't the one quoting 2 month old posts
REALLY. lol....I just found out about them. I'm NOT the stalker, I'm the stalkee.......funny that you would defend a paranoid schizo by saying that this abuse is from a month ago and there for doesn't matter.
GE +.47 today rather you live in Arizona or Blitzedland!
you are out there buddy. I certainly hope the rare coin business finally picks up in Arizona. You certainly have WAY too much time on your hands. lol
The whole worlds off its rocker, buy Gold™.
You have been STALKING me on a daily basis, YOU have way too much time on your hands......Maybe you should get a hobby.......try coins