What goes clink-clank-clunk, moans a lot and scares people?
No, it’s not the ghost of Jacob Marley. It’s the sound of the Ghost of the Dow Jones Industrial Average, because I consider it to be a useless index.
The Dow Jones is not diversified enough and contains a bunch of stocks that are as old and moldy as the rotting fruit in my refrigerator from three weeks ago. I think there are several stocks in the index that not only should be kicked out of the index … but also from your portfolio.
Here’s a look.