Of course, being who I am, I went home and built a spreadsheet to
recalculate what would have happened if Dow Jones had decided to
add Apple to the index instead of Cisco back in 2009. Imagine my
surprise to see that the Dow be would over 2000 points higher.
In real life, the Dow closed at 12,874.04 on Feb 13, 2012.
However, if they had added Apple instead of Cisco, the Dow Jones
would be at 14,926.95. That’s over 800 points higher than the
all-time high of 14,164 previously set on 4/7/2008.
Can you imagine what the daily financial news of this
country would be if every day the Dow Jones was hitting an
Interesting to think about — but it’s really more of an argument against using the Dow as a measure of the whole market than an argument that Apple should have been included.