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:

    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