From: "Mark" 


"Jeff Shultz"  wrote in message
news:pan.2005.03.01.01.58.14.469186{at}shultzinfosystems.com...
> On Sun, 27 Feb 2005 23:07:42 -0500, Geo wrote:
>
>> "Glenn Meadows"  wrote in message
>> news:4222026f$1{at}w3.nls.net...
>>> And in what, 3 years, 4 years, the market has fully recovered now?  I
>>> believe it you take just about any 10 year rolling period, the market
>>> averages over 10% growth.
>>
>> 1965-1980 http://finance.yahoo.com/q/bc?s=%5EDJI&t=my
>>
>> the way thay maintain the illusion of growth is by changing the stocks
>> they put in the index.
>>
>> Geo.
>
> When was the last time they changed the stocks? Was it before or after the
> bubble burst?

http://www.fool.com/DDow/HistoryOfTheDow2.htm
It looks like it was 1999, but it's an industrial index, so it's unlikely
that any of the 30 ever would have been "internet boom" stocks.

http://www.fool.com/Ddow/HistoryOfTheDow3.htm
"Dow's publication leveled the playing field between the Wall Street
elite and the individual investor. It would not be until the Securities Act
of 1934 that companies would be required to file quarterly and annual
reports that all investors could look at. So, for more than fifty years,
the only place for the individual investor to get the straight poop on
company financials was the Wall Street Journal."

http://www.fool.com/ddow/historyofthedow5.htm
"Early on, the Industrials were a dynamic Average, changing
composition on an almost monthly basis. Because the Dow Jones Industrial
Average was supposed to represent the current business environment...

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