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02-24-2012, 12:11 PM #1
Apple To Dow Would Instantly Push Market to All Time Highs
For close to a year, the word from Wall Street to Silicon Valley is that Apple will eventually depart NASDAQ to join the Dow Jones Industrial Average. And based on the latest industry projections, such a move would represent a massive gain for the Dow.
This week investors rejoiced as the Down Jones Industrial Average poked above 13,000 for the first time in almost four years. Of course, if you think that's impressive, just image what would happen if Apple joined the index.
Hypothetically, says Nicholas Colas, chief market strategist at ConvergEx Group, if Apple made its new home on the DJIA, the average would instantly hover at roughly 14,000 - not far from the Dow's all time high of 14,164 recorded October 9, 2007, one year before the global economic implosion.
“There was a lot of speculation along these lines in 2011," Colas tells CNBC regarding an Apple switch to the Dow, "and I am sure that once Apple starts to pay a dividend (whenever that is) the topic will come up again."
Seeing the Dow back above 14,000 would, indeed, be a treat to investors - especially given what the market has been through since March 9, 2009 when the Dow briefly dipped as low as 6,547.
02-24-2012, 12:26 PM #2
Ah, yes. Just what the banking elite need to make it look like their lies of economic recovery are true. The DJIA goes up, we must not be in a global depression! A reminder to everyone: wealth is savings, not how much you spend or borrow. Good luck with your currencies. I'll be keeping my silver and gold.
02-24-2012, 12:50 PM #3
Does anyone else find a problem that one company can control the general appearance of the markets? How many hedge funds now are going to show massive returns by investing all in one company?
02-24-2012, 01:45 PM #4
02-24-2012, 02:50 PM #5
What would that do to the NASDAQ?
02-24-2012, 03:36 PM #6
I'm pretty sure that the out of work percentage is more important than the Dow.Let's go Red Wings!
02-24-2012, 08:15 PM #7