Wednesday, June 10, 2009

The New Dow Jones Industrials

AlphaNinja - Cisco and Travelers were added to the index Monday the 8th. Booting out Citi and GM. There may be a pullback after runs off the March lows, but the index is definitely not expensive, especially as the earnings estimates used to compute the average's weighted PE (price-t0-earnings) ratio are severely depressed in most cases, and "trough" earnings for others.

My original artwork:

(Speaking of Cisco, CEO John Chambers today said business is "leveling out, things feel better")

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