1
Why the Dow is a useless market index
The Dow Jones Industrial Average (or 'the Dow', ^DJI, DJIA), is a stock market index created back in 1896 by Charles Dow, a journalist. The goal of the index is provide a view of the stock market's health. The Dow is an index of just 30 (arbitrarily chosen) stocks, weighted by the stock prices of its component…