Comments on: Citi leaves the Dow http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Rich Hurley http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2265 Tue, 02 Jun 2009 00:30:24 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/#comment-2265 Good ol Sandy. Comes in and ruins a great company and then gets praised for his charity. The guy is a thief and nothing more. He was the person behind thousands of people losing their pensions and 401k’s. I hope he and his worthless daughter are all happy. On the other hand we know he is happy because he could care less. He is the scum of the earth.

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By: paul in kirkland http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2255 Mon, 01 Jun 2009 21:31:03 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/#comment-2255 Felix, which indices do you recommend tracking instead of the Dow?

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By: Richard http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2235 Mon, 01 Jun 2009 17:52:34 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/#comment-2235 John: that’s easy. The S&P really is an index–sure there are judgements to be made on the margins, but the largest companies are in the index, pro-rata, by capitalization. The Dow, on the other hand, is pro-rata by _price_; as another poster mentioned, this has very little merit indeed.

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By: John Morrow http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2227 Mon, 01 Jun 2009 16:01:08 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/#comment-2227 More objective indices? Care to elaborate? I always come across people trashing on the Dow and S&P but no one ever endorses any other indexes.

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By: evan g http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2226 Mon, 01 Jun 2009 15:27:46 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/#comment-2226 GOOG was passed over because the Dow is a price weighted index — it would have had 40x more influence on the index than Bank of America, and 4x more than IBM (the next priciest component). I think AAPL was passed over for the same reason.

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By: Ken Houghton http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2225 Mon, 01 Jun 2009 15:21:15 +0000 http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/#comment-2225 Symmetry: The acquisition of Travelers made Sandy Weill look less than perfect, and now this will seal the deal with Weill-haters (who conveniently ignore than Vichy Bandit wouldn’t even be at The Big C if Subsequent Management hadn’t been stupid enough to believe he knew what he was doing with his Exploding Plastic Inevitable Hedge Fund).

One is a Bump in the Road and proof that repealing Glass-Steagall was stupid for Competitive Advantage reasons; the other is Road-kill.

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