Comments on: Apple In The Dow? Not Gonna Happen http://weakonomics.com/2010/04/26/apple-in-the-dow-not-gonna-happen/ Everything That's Wrong With You And Your Money Wed, 08 Feb 2012 22:32:00 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: Andrew Joseph http://weakonomics.com/2010/04/26/apple-in-the-dow-not-gonna-happen/comment-page-1/#comment-4356 Andrew Joseph Wed, 07 Jul 2010 07:14:47 +0000 http://weakonomics.com/?p=4168#comment-4356 Took me time to study all the comments, but I really enjoyed the post. It proved to be Very helpful to me and I'm sure to all of the commenters here! It's always nice whenever you can not only be informed, but additionally entertained! I am certain you had fun writing this post. Took me time to study all the comments, but I really enjoyed the post. It proved to be Very helpful to me and I’m sure to all of the commenters here! It’s always nice whenever you can not only be informed, but additionally entertained! I am certain you had fun writing this post.

]]> By: Kosmo @ The Casual Observer http://weakonomics.com/2010/04/26/apple-in-the-dow-not-gonna-happen/comment-page-1/#comment-3873 Kosmo @ The Casual Observer Thu, 29 Apr 2010 13:15:14 +0000 http://weakonomics.com/?p=4168#comment-3873 I think this is a key quote from La Monica's column: "The Dow is not a mutual fund. It's purpose, according to the Dow Jones Indexes Web site, is to "provide a clear, straightforward view of the stock market and, by extension, the U.S. economy." " Reaction to Apple - positively or negatively - has always had a large degree of emotion in it. That's probably not the best driver for a Dow stock, as it would violate the "clear, straightforward view" concept. On the flip side, it's hard to find a lot of people who get too emotional about IBM. You're definitely not pulling that 2300% out of your ass. Apple stock was at 13/share in 1997 and is currently at 261. But the kick is that the stock has split twice in that time, meaning that a $13 share in 1997 would be worth $1044 today. Not a bad ROI. .-= Kosmo @ The Casual Observer´s last blog ..<a href="http://feedproxy.google.com/~r/TheCasualObserver/~3/5bZQafexVss/" rel="nofollow">Are Sports Drafts Fair?</a> =-. I think this is a key quote from La Monica’s column:

“The Dow is not a mutual fund. It’s purpose, according to the Dow Jones Indexes Web site, is to “provide a clear, straightforward view of the stock market and, by extension, the U.S. economy.” ”

Reaction to Apple – positively or negatively – has always had a large degree of emotion in it. That’s probably not the best driver for a Dow stock, as it would violate the “clear, straightforward view” concept.

On the flip side, it’s hard to find a lot of people who get too emotional about IBM.

You’re definitely not pulling that 2300% out of your ass. Apple stock was at 13/share in 1997 and is currently at 261. But the kick is that the stock has split twice in that time, meaning that a $13 share in 1997 would be worth $1044 today. Not a bad ROI.
.-= Kosmo @ The Casual Observer´s last blog ..Are Sports Drafts Fair? =-.

]]> By: Keith @ LifeTuner http://weakonomics.com/2010/04/26/apple-in-the-dow-not-gonna-happen/comment-page-1/#comment-3864 Keith @ LifeTuner Tue, 27 Apr 2010 15:08:17 +0000 http://weakonomics.com/?p=4168#comment-3864 Really interesting post, Philip. I love reading about Apple, so this provided a nice context for also learning about the Dow. Really interesting post, Philip. I love reading about Apple, so this provided a nice context for also learning about the Dow.

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