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That is incredibly misleading. The Dow is not representative of the entire stock market anymore. The S&P 500, which is only the 500 largest public companies by
by eigenvalue 7y ago
That is incredibly misleading. The Dow is not representative of the entire stock market anymore. The S&P 500, which is only the 500 largest public companies by market cap, has a combined market capitalization of ~$25+ trillion. Boeing has a market cap of ~$200b, so that represent 0.8% of the total. If you include the top 3,000 public companies (i.e., the Russell 3000), the combined market capitalization is over $32 trillion. The idea that regulators at the FAA are going to let them fly a dangerous plane "because of the stock market" is absurd.
- SkyBelow 7y ago>The idea that regulators at the FAA are going to let them fly a dangerous plane "because of the stock market" is absurd. They already let fly a dangerous plane. Given they have already done so, an explanation like 'stock market pressure' is no longer absurd.
- dk- 7y agothe Icon A5 is also a certified death trap. but i guess it allows the consumer to chose risk with their wallet...
- joobus 7y agoYou can argue for days about your favorite index, but the Dow is printed on every financial news channel, every newspaper, every finance and trading site, every evening news show. You are naive if you think the Dow doesn't matter, or that the largest military supplier doesn't have large influence over government and finance.