The Dow Has Missed the Rally

Here’s one for the wonks. The Dow Jones Industrial Average has badly trailed the S&P 500 since the rally began in late August.

I’m not much of a fan of the Dow since it’s 30 stocks are weighted by price. The problem is that the Dow hasn’t captured the strength in cyclical stocks.

Posted by on January 7th, 2011 at 10:15 am

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