Why Does Only the Dow Have an Absolute Level?

By -
I listen to CBS News Radio when driving. Every half hour they give the financial news. Over years, I've noticed that the only stock index for which an absolute index is ever given is the Dow: "The Dow was down 25 points to 10,420. The NASDQ fell 10 points, and the S&P was down 5."

I swear, you could spend a decade listening to their reports and you could make a chart of the NASDAQ and S&P moves over that period, but you'd never know what their actual level is.

Comments

  1. Anonymous8:36 PM

    I'm sure they were hootin' and hollerin' when the composite crossed 5000, and surely they quoted the figure.

    I'd wager they were lathered-up enough about the naz retaking 2k this year to announce the absolute level.

    ReplyDelete
  2. Woody8:39 PM

    Why am I considerd anonymous?

    Woodrow

    ReplyDelete
  3. gcallah1:41 AM

    Yes, I'm sure they do announce the level once in a while, anonymous.

    ReplyDelete
  4. Bob Murphy1:27 PM

    And maybe this is part of your point, Gene, but just hearing the absolute changes is rather irrelevant, if you don't know what the level is (and if you don't want to do long division while driving in the sleet).

    ReplyDelete
  5. Classic Short Ugg Boots1:26 AM

    Early morning time, the ugg boots classic tall mist is dim. Curved river bank, willow obviously elegant like smoke. Far does not see the mountain, nearly does not see the ship, only a little selects the lights, embellishes in the faintly recognizable mist. The ugg boots bailey button young schoolchild, sings in this mist at sunset; In a classic short uggs hurry the pedestrian, the moist hair clothing which fills by the mist. Most beautiful, when is in the fog the park, pavilion Taiwan pavilion, porch bridge park, fuzzy, partly visible. Let the human think that ugg bailey button imitates, if places oneself in unreal, is considering, is in the world, plays in the heavenly palace?

    ReplyDelete

Post a Comment

Popular posts from this blog

Libertarians, My Libertarians!

By -
Cruel to be kind means that I love you . Because, while I think you are mistaken, your hearts are in the right place -- yes, even you, Silas --  unlike some people . This Breitbart fellow (discussed in the link above), by all appearances, deliberately doctored a video of Shirley Sherrod to make her remarks appear virulently racist, when they had, in fact, the opposite import. I heard that at a recent Austrian conference, some folks were talking about "Callahan's conservative turn." While that description is not entirely inaccurate, I must say that a lot of these people who today call themselves conservative give me the heebie-jeebies.
Read more

"Pre-Galilean" Foolishness

By -
 I am currently reading The Master and His Emissary , which appears to be an excellent book. ("Appears" because I don't know the neuroscience literature well enough to say for sure, yet.) But then on page 186 I find: "Asking cognition, however, to give a perspective on the relationship between cognition and affect is like asking astronomer in the pre-Galilean geocentric world, whether, in his opinion, the sun moves round the earth of the earth around the sun. To ask a question alone would be enough to label one as mad." OK, this is garbage. First of all, it should be pre-Copernican, not pre-Galilean. But much worse is that people have seriously been considering heliocentrism for many centuries before Copernicus. Aristarchus had proposed a heliocentric model in the 4th-century BC. It had generally been considered wrong, but not "mad." (And wrong for scientific reasons: Why, for instance, did we not observe stellar parallax?) And when Copernicus propose...
Read more