Standard and Poor
Standard and Poor raised Portugal rating …….Long term Sovereign Debt Ratings for Britain, US, Japan and Euro zone.
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the Dow at an all-time high
Yesterday, the Dow Jones Industrial Average reached an all-time high, signalling a recovery of the index past its previous, pre-Great Recession peak. This is certainly good news psychologically, since the Dow is a very widely recognized name. And any report that puts the downturn behind us is welcome. As it happens, I was listening to Bloomberg Radio when the new high-water mark was first achieved. A Surveillance commentator played down the fact that the S&P 500 had not yet recovered all its recession losses (although it’s close), saying that the use of the S&P over the Dow is “just” a question of “institutional bias.”
That’s simply incorrect. …hence this post.
what’s wrong with the Dow
There are three reasons professional investors use the S&P 500 to benchmark their performance rather than the Dow:
1. wider coverage. The Dow Industrials consist of 30 American…
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