The composition of the Dow Jones Industrial Averages (DOW) is gonna be changed, effective Nov 1. Four companies to be dropped; four to be added. The four to be dropped include a major chemical company with poor market action (not going up fast enough. The four to be added include go-go stocks Microsucks (Microsoft) and Intel.

The DOW composition is determined by a board from Dow Jones, publisher of the Wall Street Journal.

Can anyone spell M-A-N-I-P-U-L-A-T-I-O-N? The stated reason is to make the DOW more "representative." Seems to me, they want to substitute stocks that will help keep the DOW above the 10K mark.

Also, notice on the 24 hour Kitco charts (http://www.kitco.com/gold.graph.html) that almost every day in New York, and to a lesser extent, London, the gold price takes a dump.

Looks to me like TPTB are desperately trying to pump up the DOW and stomp down gold. But note, the effects of reality can be postponed -- even for a long time -- but not avoided forever.

A buying opportunity for gold, and to a lesser extent, platinum. RIGHT NOW.

-- A (A@AisA.com), October 26, 1999

Answers

If "Something can be manipulated" what good is it? Buy land!!! Been waiting 20 years for gold.My "80" chevy is on its last legs.

-- movin on (tiredofwaiting@theemptypromise.net), October 26, 1999.

<Seems to me, they want to substitute stocks that will help keep the DOW above the 10K mark.> LOL - When the announcement came out, I was on the phone with a good friend who's CEO of an Investment Banking firm. He said the exact SAME thing!

-- Cheryl (Ckufta@internetcds.com), October 26, 1999.

Could you idiots be MORE STUPID? I am test running my computer terminal on stupidity (I have nowhere near enough).

Watch out for black helicopters, but REALLY watch out for those gold-plated ones I've heard rumors of!

-- Oh (puh@leee.ze!), October 26, 1999.

Could you idiots be MORE STUPID? I am test running my computer terminal on stupidity as an alternate power source (I have nowhere near enough). This NG seems to be overpowered to the point of blowing a few dozen transformers!

Watch out for black helicopters, but REALLY watch out for those gold-plated ones I've heard rumors of!

-- Oh (puh@leee.ze!), October 26, 1999.

YUP, everything is manipulated. Everything is a conspiracy. Those boys on Wall Street are out to get us. Rich people hate poor people.....bla bla bla.
-- (Yup@Yup.com), October 26, 1999.

Companies are removed from the DOW when deemed they dont represent the profile of the stock markets average.

Take Sears for instance. Those of you who remember Sears was THE STORE you shopped at. We have a giant Sears here and when I was younger you couldnt get into the place on weekends. Every few feet there were cash registers, they would give you a huge 500 page catalog for free, even mailed them to people for free. Sears is now a ghost of itself. The catalog is gone, you have to pay for one if you can find it. The place is a cemetary except on special sale days or right before Christmas. The cash registers are trimmed down to a fraction of what they had. Brand names are now the norm, Kenmore used to be the thing to have in your Kitchen. So Sears is dead to the DOW and out it goes.

This has been done before, but some people love to pretend another conspiracy is in effect.

-- hamster (hamster@mycage.com), October 26, 1999.

Hmm. Shills.

Shrill, noisy, offering no refutation or coherent rebuttal. Just hurtling insults and ridicule.

Shills, or those who are offended at the assault on their ignorance offered here, protesting their right to practice denial. But why post - with nothing but a harumph? Why not just walk away?

I don't like these greasy little fingers trying to push my buttons.

Liberty

-- Liberty (liberty@theready.now), October 26, 1999.

Did anyone see the reaction of David Faber and Joe Kernan on CNBC this morning when they announced the change? They just kept going: "Whoa, MAN!, OHH!" after each new stock was announced. They knew what the implications were.

After watching the interview with the guy from Dow Jones, I don't think it's any conspiracy or anything.

One of the main reasons given for the change was that it was supposed to make the Dow more reflective of the current market. I'll buy that:

One effect will likely be to keep the Dow at it's LOFTY LEVELS as some have suggested. It will also probably make the Dow MORE VOLATILE. The change will also RAISE THE AVERAGE P.E. OF THE DOW.

That sounds more reflective of what the market is really like to me!

-- Clyde (clydeblalock@hotmail.com), October 26, 1999.

For the spot price of gold:
http://mrci.com/qpnight.htm
http://www.kitco.com/gold. graph.html

For the spot price of silver:
http://www.kitco.com/sil ver.graph.html

For the spot price of platinum:
http://www.kitco.com/p latinum.graph.html

For U.S. Markets and stock quotes:
http://finance.yahoo.com/?u

For Major World Indices:
http://finance.yahoo.com/m2?u

Sincerely,
Stan Faryna

Got 14 days of preps? If not, get started now. Click here.

Click here and check out the TB2000 preparation forum.

-- Stan Faryna (faryna@groupmail.com), October 26, 1999.

I wonder what will happen to the DOW if Microsoft loses in the DOJ suit ??? What if one of the options will be to split MR. Gates ?

-- Just curious (curious@work.com), October 27, 1999.

Is it wise to tie the DOW to technology stocks at this point? It seems that would increase the impact of any y2k issues on the market in Janurary...

-- (foo@bar.com), October 27, 1999.

Some comments on the comments:

Real estate (land) is manipulated also. Every time interest rates changes, that affects buying and selling, and thus prices. Also, an interesting point someone else mentioned on another thread -- when "they" changed the tax status of some real estate back in the 1980s (?), that drastically reduced the value of a lot of real estate and thus contributed to the S&L debacle (which, like Y2K was a disaster waiting for a trigger).

The Dow Jones Averages were conceived and originally implemented in a time long before computers. A fairly easy way to get a reading on the markets was desired -- one that could be hand-calculated from a (hopefully) representative subset of the stock market. The Dow now is obsolete, because an index of ALL stocks can now be easily calculated, but it continues only because of the sheeple habits of investors and institutions. No amount of subsituting one company for another will make it truly representative. Broader measures, such as NASDAQ, S&P, and Wilshire give a much truer picture.

As almost useless as the DOW is, it is a signicant psychological factor. The question is, why NOW? Why the change in the composition due Nov 1? My supposition is: (psychological) manipulation.

-- A (A@AisA.com), October 27, 1999.

Li-BUTT-e:

try reading the posts before you bitch. Hamster gave an excellent example, DUH!

Everyone please buy from me Stan the shill (I want your money!)

-- Stan Fairyna (fairyna@groupsex.com), October 27, 1999.

Thank you A, very well said.

Hamster nuts has a brain about the size of a hamster's it seems.

we will have the last laugh over these MORONS...

And it's spelt Faryna imbecile...

-- Andy (2000EOD@prodigy.net), October 31, 1999.