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Archive of entries posted on 11th September 2013

How to fake the dumb investor out: mess with the Dow. Apple disappoints.

Here’s how they fake the Dow Jones Averages index. Yesterday they took out three dreary companies with falling stocks —  Hewlett-Packard, Alcoa and Bank of America and replaced them with three “hot” ones — Nike, Visa and Goldman Sachs. When you read that the Dow went up, you know know why. Going up is good […]