Quick Take: Can Somebody Please Put the Dow in its Place?
The lead headline on Yahoo!Finance right now is: Dow Jumps Almost 100 on Takeover Talk
Sounds like the "takeover talk" got investors excited across the board, right? Well, as we know (http://www.f...the-dow.aspx) the Dow is all of 30 stocks, one of which is Alcoa (NYSE: AA). Alcoa got a takeover bid, Alcoa is up over 6% on the day, and Alcoa pushed up the Dow. The rising Dow meant everything for Alcoa shareholders (and maybe something for people trading Dow futures), but nothing for the rest of us.
Can we get real and can the Dow talk already (http://www.f...-useful.aspx)?
(I do not own shares of any of the stocks mentioned)