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The Dow-Jones Non-Industrial Average
Perhaps it is time to rename the Dow as its trend of de-industrialization provides the perfect visual example of what David Stockman called the 'Sundown in America'.
The declining presence of manufacturing-based companies in the Dow...
(h/t @GreekFire23)
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Well then just who built that staircase?
Da Chinese.
Every free trade agreement ever signed by a US president followed by a heavy dose of EPA.
where did the chart come from
and the data
Dow 10
The Perfect 10 and fading
We're takers, not makers, bitchez.....
Ah, but it is not possible to make unless one has taken first.
That is RICH. The "DOW JONES NON INDUSTRIALS" Index.
Would be informative on just "where" and "when" that "staristep" started in the chart.
Would be informative on just "where" and "when" that "staristep" started in the chart.
It's generally inverse to the rise of finance & business 'services'
http://upload.wikimedia.org/wikipedia/commons/f/f3/Sectors_of_US_Economy...
If you're looking for a catalyst, American workers were taken to the toolshed in the 80s.
http://farm5.static.flickr.com/4017/4700643546_80a3d84fef.jpg
Thanks! That would have made it about 1979-1982
Look again, looks like to me the decline really started to pick up steam just about the time of LBJ's Great Society Scam. Financials picked it up around 1977-1978. If you are only looking at the intersection you are merely looking at the end of the wave...got to look further out.
Is facebook on there yet? They manufacture a lot of data for the NSA.
Illustration of corporate parasites offshoring production and career employment.
The part-time fat/salt bling over-priced eatery chart would be the opposite.
Corporate profits up, labor participation rates and income down; .gov facilitated.
Get rid of the bankers and D.C. traitors and the graph also implies how prosperous the United States of America will become.
People need to realise that after the initial euphoria of debt induced spending in an economy, the show becomes ugly. Whether we like it or not there is a horrendous overcapacity in the finance sector which can no longer be matched by the borrowing capacity of the people.
Unless the imbalance between debt and equity as well as finance and manufacturing is addressed, we will be going round in circles around the biggest drain hole we can imagine.
We are still looking for the "when". Until then full speed ahead.
Dow 30 - 20 -10
MMM 3M Co
AXP American Express Co
T AT&T Inc
BA Boeing Co
CAT Caterpillar Inc
CVX Chevron Corp
CSCO Cisco Systems Inc
DD E. I. du Pont de Nemours and Co
XOM Exxon Mobil Corp
GE General Electric Co
GS Goldman Sachs Group Inc
HD Home Depot Inc
INTC Intel Corp
IBM International Business Machines Co...
JNJ Johnson & Johnson
JPM JPMorgan Chase and Co
MCD McDonald's Corp
MRK Merck & Co Inc
MSFT Microsoft Corp
NKE Nike Inc
PFE Pfizer Inc
PG Procter & Gamble Co
KO The Coca-Cola Co
TRV Travelers Companies Inc
UTX United Technologies Corp
UNH UnitedHealth Group Inc
VZ Verizon Communications Inc
V Visa Inc
WMT Wal-Mart Stores Inc
DIS Walt Disney Co
You have just listed the foundation of Western society as it currently stands.
Dunno, it's missing most of the military-industral complex, and some of the Rothchild fronts. This is the list for the plebs to pay attention to.
Looks like we are consuming ourselves.
Take the ceiling crisis next week...its the only way to cut spending beyond our means.
Crisis and consumption occuring in many cycles. In between we consume our lifeblood.
Hahah good point Tylers. The DJNIA
Everyone needs to recognize, and always keep in mind, that there is no, and never has been, any single "Dow Jones Industrial Average", as that metric has been constantly 'updated' and altered over the decades by eliminating the stocks of declining businesses in favor of rising up-and-comers. It thus reflects a cherry-picked basket of "most favored industries" at any given point in time, and makes all multi-decade comparisons of the values of the so-called "Dow Jones Industrial Averages" (note that I use the plural there) both deceptive and meaningless.
Hey, just a second there. The Dow Jones [non-]Industrial Average is every bit as valid and meaningful as the Core Consumer Price Index.
This will allow to propagate consuitably on that nice litterature disraveling on this comment section wontonly.
That is a can of worms.
Can of worms...
Would those be magical non-resource-consuming Chinese Citizenism worms, or blobbing-up US 'american' worms?
Worms are very mattering. When it rains, they blob-out onto the sidewalks. When the sun comes out, they are parangongs of crustification. All due of course to US 'american' citizenism. That is very much what it is.
Welcome to the US 'american' helminthic citizenism world, it's a nightsoil-consumptionizing and hermaphroditic place, you'll see.
Do you mean communautist worms are connected to the Chinese citizenism colonization action of the US soil?
If that story has ground, it is a news alarmingly.
Assertive indeedness with the dangdang!
Colonization of duplicitous US 'american' homeland via earth-tunneling Chinese Citizenism worms plan is to proceed in the current manner covertly strongwise and with upward vigor. Once all US 'american' soil is consumptionized by colonizing Middle Kingdom annelids, all USA will collapse into hole and arrive on other side of world, where hungry Sons of Heaven will blob-up all while maintaining inability to self-indict the monolization of the resource consumption means. Plot is in the progressing, round eye resistance is to be of no effect. Make me laugh.
Ah, ah, made me laugh. Even when facts stare at them right in the prostomium, Chinese citizenism annelidizens burrow sinkholes of deep denial.
Tells that the equation is only Chinese citizenism annelidizenish, that is totally devoid of any solid ground. The answer should be obvious. Well, not that much with Chinese citizenism annelidizens, their denial capacity and their tunneling duplicity.
Just apply the good old Chinese citizenism trick: don't account for people you sinkhole into misery.
Less and less gold underground but let Chinese citizenism annelidizens in charge and somehow you will get less and less of it than that.
One thing to be taken at face value: Chinese citizenism nature. It is eternal and immutable.
Ope. No more cans, Alcoa is out. Plastic tub of worms, yes.
Sorry buddy, i just saw your comment. I am in total agreement.
keep in mind the rise of "personal manufacturing" - the mini factories that are arising in basements and garages across this land. designs shared on the internet. small business making the parts they need. this is not reflected in the dinosaur industrial average. there is no need to fear the loss of manufacturing overseas because they will all be wiped out by worldwide personal manufacturing just as mainframes were wiped out by personal computers. a 13 year old with a mini machine shop and an android pad - is that an industrial?
Can that kid build me a decent washer-dryer set?
People need to wake up to themselves and realise that the almighty DOW would probably be struggling to break 1000 if those companies that go under or which perform badly were not replaced by new entrants.
The DOW is just another sham in a long line of shams perpetrated by the finance sector.
The Dow is the biggest scam in the history of mankind, I put something together for my Wall Street Kool Aid drinking friends to ponder. It will tell you everything you need to know that the Dow is nothing but Wall Street marketing hype, plain and simple.
There are two files: Changes-in-the-Dow-Stocks is a PDF that explains the sham from the beginning. The other one is Dow_What_If.xls and is a spreadsheet that lets you see the distortions that each stock in the Dow contributes to the overall "average".
https://drive.google.com/folderview?id=0B51-74tGswAXbDBMZGwyNFdIYzA&usp=...
There are a couple of other files in the ZeroHedge shared folder that you might want to take a look at.
Great info Palladin! Thanks!
Thanks for posting.
Burn it to hard copy. That info won't remain.
Already happened! I get an error: "Google Drive - The app is currently unreachable."
Give it another try, works OK for me today 10/8 3:07pm PST
Yep even the most recent change (9/23/13) was telling. Seriously how is that Nike, Visa or Goldman Sachs equated to taking out Alcoa or Hewlett Packard?!? Sure Bank of America coming and being subbed by Visa or Goldman made sense but the rest . . . Gives whole new meaning to the advice of: "buy plastics".
BULLISH:Gold Stocks,bullion,platinum,palladium.Specifically microcap Sangold(SGR-Toronto).
A bigger problem with the DJIA is that many (most?) unsophisticated market watchers use the DJIA as a proxy for "the market." The DJIA has thirty components and the total number of stocks available on US exchanges is about 10,000. How useful can the DJIA be as a proxy for "the market?"
You are right. It is a primitive measure and has been superceded by the S&P, Wiltshire and others.
It was invented in 1884 and had to be calculated with a pencil and paper before the next newsletter went out.
Does anyone still use Dow Theory as a guide to investing?
I see you have been drinking the Wall Street Kool Aid, and probably didn't even know it. The S&P is nothing more than another company trying to cash in on the stupidy of most retail "investors".
S&P touts their index as more valid than the Dow but when you pull back the curtiain it just the same bogus marketing crap. While the Dow is just 30 stocks the S&P attempts to gain credibility by using 500.
And how is all of this calculated. By Market Cap. And what is Market Cap? It's another bogus calculation. Market Cap is defined by taking the price of a stock and multiplying it by the number of shares outstanding.And Wall Street says that calculation determines the true value of any company. You should ask yourself how this is possible. How can a company like IBM with hundreds of thousands of employees scattered in many countries, with countless building, countless inventory, billions of dollars of sales be valued by such a simple calculation?
What determines the price of a stock? Wall Street, and it can be any number greater than zero. What determines the number of shares outstanding. Wall Street determines that number and can be any number greater than zero. The could have just as easily use the number of square feet in the corporate headquarters.
But Wall Street likes to make things appear to have some direct connection to Wall Street, hence the number of shares outstanding. Neither the stock price or the number of the shares outstanding have anything to do with the sales of the company, profits or any other fundamental metric.
So they take one variable, the stock price, and multiply it by another variable, the number of shares outstanding, and then do that to 500 times and then add all that up and have you convinced that that is a better measurement of the Stock Market than the Dow is.
And somehow people just go along with that program.
Aside from the DOW Industrials being non-industrial, the DOW misleads with an upward bias due the its survivorship bias....companies that fail are removed and replaced.