Here’s the 5-year chart for the Dow Jones industrial average. With today’s close above 10,900, we’re dangerously close to 11,000 — nearly at an all-time high. If John Kerry had been elected, we’d be reading front-page stories about the economic turnaround ushered in by his new leadership. Sigh.
By the way, here’s my favorite piece of trivia about the Dow Jones average. It’s an evolving index of 30 companies with firms getting switched out as their size and influence wax and wane. A few years ago Home Depot was added as Sears was ditched. Here’s the trivia: What’s the only company that’s been on the Dow Jones for its entire 109-year existence?
Here’s the answer.