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by tsuyoshi
4117 days ago
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Actually, both the DJIA and the S&P 500 (the index that's actually worth a damn) are produced by the same entity these days: http://en.wikipedia.org/wiki/S&P_Dow_Jones_Indices I wonder who actually does care about the Dow? Are there actually a lot of investors that don't know any better? Or is it just people who think the stock market is important (itself questionable) but don't know anything about it? |
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As a kid, for many years, the first and only exposure I had to the concept of the stock market was the clockwork reference to DJIA on public radio or tv. I think the founding of the exchange might have been mentioned in school, too (and not much else).
So, later in life, when I wanted to understand things better, I started reading about the Dow and picking it apart. It was an entry point for me; I assume it must have been for many others as well.
Now that I have more knowledge, I question - as you apparently do - whether any of it is worth getting too deeply involved in for the average person. Still, I'm glad I know more about it now, and I do think we need far better financial literacy built into our school system.