The Dow Jones Industrial Average is a very stupid measure of the stock market for at least two reasons, which are (1) it is an average of only 30 big stocks and (2) it is weighted by share price, an entirely arbitrary number, rather than market cap or equal weighting or anything at all sensible.…
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Tags: CBOE, Citadel, CME, Dow Jones Industrial Average, Indexes, International Securities Exchange, ISE, McGraw-Hill, S&P 500