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 Sat, 25 May 2013 16:48:33 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Rich Hurley http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2265 Rich Hurley 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. 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.

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

]]> By: Richard http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2235 Richard 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. 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.

]]> By: John Morrow http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2227 John Morrow 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. 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.

]]> By: evan g http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2226 evan g 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. 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.

]]> By: Ken Houghton http://blogs.reuters.com/felix-salmon/2009/06/01/citi-leaves-the-dow/comment-page-1/#comment-2225 Ken Houghton 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. 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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