The DOW is a load of old crock anyway the way it is structured '
The first bit of this article is interesting
http://www.investorsinsight.com/blog...p-3-and-4.aspx
So even if Citii , GM, Bank of America and Alcoa opened tomorrow at ZERO it would impact the Dow by only 157 points
Interesting the unwritten law that go under $10 and you are out tof the DOW .... impagine the impact on the US ego if Citi and GM weren't in the DOW ... funny eh
If course if they chnaged the stocks in the DOW it would go up.
Even though not that perfect either that is why i use the S&P500 as the proxy for the US market .... and that is on a PE in excess of 20 as well
So still more pain I am afraid