industrial average

Want To Own an Industrial Average?

We hear that Rupert Murdoch is thinking of selling the stock market averages business owned by his Dow Jones & Company. Would it become the Steve Schwartzman Industrial Average? The Goldman Sachs Industrial Average? Who would buy it? Interesting.

In the meantime another great week for the current Dow. It hit its highest point since election day, closing at 9505 yesterday. That’s 1.7% just Friday. Nice for my 401(k). It was good news from the Fed and in home sales that pushed things, according to CBS News. Is it time to get in the market if you haven’t? No clue. There’s no question at some point it will go beyond its old high. But when?? I dunno.