Wednesday, August 26, 2020

How now Dow Jones






Some of you with IRAs may follow the readings of the Dow Jones index of the top 30 stocks based on their share prices. Apple's 4 to 1 recent stock split has shuffled the roster with new arrivals Amgen, Honeywell and Salesforce(?) bumping Exxon Mobil, Pfizer and Raytheon. Exxon Mobil is the successor to Standard Oil of New Jersey the longest serving member since 1928. Its exclusion now should make old John D. Rockefeller roll over in his grave. They say this gent used to hand out dimes to folks during the depression. This brings to mind a saying of the time "Brother, can you spare a dime."
tjs

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