Monday, June 1, 2009

GM and Citigroup removed from DOW

I heard that Cisco Systems and another company replaced them on the Dow. This makes sense when GM is presently trading at .81 cents a share and Citigroup is trading a $3.69
a share. Though it is sad to see what is happening to both companies by eliminating them from the DOW they will not drag down the average as they have been and it will help the rest of the DOW stocks continue to rise and hopefully help pull the world economy out of a hole. All the positive feedback loops possible we need now to help those without jobs and starving worldwide now before it gets any worse. The U.S. economic mechanisms move at lightning speed compared to most of the rest of the world. Even if the U.S. economy returned to what it was 2 or 3 years ago right now, most the rest of the world might take 5 to 10 years to fully recover because most governments aren't streamlined enough to cope properly with this worldwide mess.

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