Monday, February 11, 2008

Changes to the Dow Industrials....

Dow Jones will make changes to the Industrial Average for the first time since 2004.

They have decided to add:

Chevron Texaco - which was taken out of the average in 1999...now back in...probably at the top of Oil prices...

Bank of America - adding a financial, probably at an opportune time.

In exchange, they are taking out:

Honeywell - the smallest of the Dow companies...

Altria (Philip Morris) - probably about time for this one to be taken out.

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