Rupert Murdoch's News Corp owns Dow Jones. Today it was announced that the Dow Jones 30 Industrial Average will eliminate Alcoa, Hewlett Packard and Bank of America. They will be immediately replaced by Goldman Sachs, Nike and Visa.
Alcoa was once a key pillar in America's industrial manufacturing infrastructure. Over the years it lost its edge to cheaper producers around the globe.
Hewlett -Packard was started by two hard working genius types in a garage in what was to be Silicon Valley but was then still largely fruit orchards.Those were the days.Tree ripened fruit out gadgets in. A sad loss in retrospect. What goes around comes around!
Bank of America was founded by immigrant Italian A.P. Gianinni . He financed the rebuilding of San Francisco after the 1906 quake with a shake of his hands to people who had lost much. He financed Samuel Goldwyn's many classic films and David O. Selznick's "Gone with the Wind" and other Hollywood masterpieces.But the bank squandered all that good will and assets in a roll of the dice by CEO Ken Lewis in 2008 when he bought Countrywide Credit and Merrill Lynch.
Goldman Sachs is the poster boy for greed and what went went wrong in the financial meltdown. In the interest of keeping your interest I won't tick off the many criminals acts of the Zionist occupied Wall Street "bank". Suffice that super Zionist Rupert Murdoch had a hand in creating a Dow Industrial index -tracker bid for his fellow Israel-first occupiers.
Nike minus all the billion dollar ads is still only a shoe company!
Visa is the credit card service provider to the largely ( 70% of economy) consuming, obese, mindless nation that we are.
P.S. The stocks going out are fractions of the prices of the stocks going in. So the base of the Dow now has a deeper cushion to fall into but it also will bring more volatility. And America unfortunately is hooked on volatility.
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