Comments on: Stock market contest, June 1 update http://www.thesoapboxers.com/stock-market-contest-june-1-update/ A web magazine that covers a world of topics every week. New articles published daily. Thu, 09 Feb 2012 04:34:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeffhttp://www.thesoapboxers.com/stock-market-contest-june-1-update/comment-page-1/#comment-365 Jeff Mon, 01 Jun 2009 15:19:03 +0000 http://www.thesoapboxers.com/?p=884#comment-365 Love it! I'm excited to see how this turns out. Thanks for putting this together and sending the update. Love it! I’m excited to see how this turns out. Thanks for putting this together and sending the update.
Total Comments by Jeff: 5

]]> By: kosmohttp://www.thesoapboxers.com/stock-market-contest-june-1-update/comment-page-1/#comment-364 kosmo Mon, 01 Jun 2009 14:45:25 +0000 http://www.thesoapboxers.com/?p=884#comment-364 Note: GM and Citigroup are being dropped from the Dow and replaced by Cisco and Travelers. Travelers had previously been a member of the Dow before being acquired by Citigroup in 1998 (Citigroup spun off Travelers in 2002).GM was dropped because their bankruptcy filing made them ineligible for inclusion. Citigroup is not technically ineligible, but was dropped as it gets its house in order. It would be elgible for inclusion at a later date.Due to the way the Dow is calculated, the swap shouldn't cause a weird change in the DJIA when changes take effect on June 8. Going forward, though, it seems that this might have a bullish effect on the Dow in the medium to long term. However, I am far from an expert on this. Note:
GM and Citigroup are being dropped from the Dow and replaced by Cisco and Travelers. Travelers had previously been a member of the Dow before being acquired by Citigroup in 1998 (Citigroup spun off Travelers in 2002).

GM was dropped because their bankruptcy filing made them ineligible for inclusion. Citigroup is not technically ineligible, but was dropped as it gets its house in order. It would be elgible for inclusion at a later date.

Due to the way the Dow is calculated, the swap shouldn’t cause a weird change in the DJIA when changes take effect on June 8. Going forward, though, it seems that this might have a bullish effect on the Dow in the medium to long term. However, I am far from an expert on this.
Total Comments by kosmo: 589

]]>