Saturday, July 14, 2007

How Industrial Is Dow Jones Anyway?

It is common knowledge that the US has gutted its industrial base and now depends on inflating financial and real estate assets, borrowing against them and spending the proceeds on imported goods. As such, the Dow Jones "Industrials" is clearly a misnomer. But, how much of a misnomer?

To help answer this question, here is a chart tracking the ratio of Dow Jones Industrials Index to the Industrial Production Index.

No Dorothy, this most assuredly isn't Kansas anymore.

1 comment:

jASON b said...

3M Co.,MMM ,Diversified Industrials
Alcoa Inc.,AA ,Aluminum
Altria Group Inc.,MO ,Tobacco
American Express Co.,AXP ,Consumer Finance
American International Group Inc.,AIG ,Full Line Insurance
AT&T,T ,Telecommunications
Boeing Co.,BA ,Aerospace
Caterpillar Inc.,CAT ,Commercial Vehicles & Trucks
Citigroup Inc.,C ,Banks
Coca-Cola Co.,KO ,Soft Drinks
E.I. DuPont de Nemours &,DD ,Commodity Chemicals
Exxon Mobil Corp.,XOM ,Integrated Oil & Gas
General Electric Co.,GE ,Diversified Industrials
General Motors Corp.,GM ,Automobiles
Hewlett-Packard Co.,HPQ ,Computer Hardware
Home Depot Inc.,HD ,Home Improvement Retailers
Honeywell International Inc.,HON ,Diversified Industrials
Intel Corp.,INTC ,Semiconductors
International Business Machines Corp.,IBM ,Computer Services
Johnson & Johnson,JNJ ,Pharmaceuticals
JPMorgan Chase & Co.,JPM ,Banks
McDonald's Corp.,MCD ,Restaurants & Bars
Merck & Co. Inc.,MRK ,Pharmaceuticals
Microsoft Corp.,MSFT ,Software
Pfizer Inc.,PFE ,Pharmaceuticals
Procter & Gamble Co.,PG ,Nondurable Household Products
United Technologies Corp.,UTX ,Aerospace
Verizon Communications Inc.,VZ ,Fixed Line Telecommunications
Wal-Mart Stores Inc.,WMT ,Broadline Retailers
Walt Disney Co.,DIS ,Broadcasting & Entertainment