Quote:
Originally Posted by Vegas69
Makes sense to me, thanks for the explanation.
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You're welcome!
Years ago I had to actually look all this up for myself - when one of the tv talking heads said that "IBM was taking the Dow down".... I'm like "really" -- IBM all by itself?? Sure enough --- most of the rest of the 30 were doing just fine - but old IBM was struggling and was killing the average.
Personally -- I've given up paying too much attention to the Dow and the NASDAQ averages... they're general trends -- but I've had up years when they've had down... and more importantly I've MADE MONEY every year - regardless of what those two indexes are doing. So do they really matter? Like selling real estate -- yeah the "market" can suck - but that doesn't mean you can't still make money. It'll suck you down if you let it - but it's not the only numbers that matter.