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Analysts Say Dow Indexs Mislead In Stock Outlook
Harry D. Comer urged financial analysts at a national convention to discard Dow Jones and other indexes as misleading yardsticks. He argued that weighting and stock splits distort the averages, favoring large caps and giving false impressions of market levels compared with true size-adjusted measures like Standard & Poor's index and the SEC index. Comer warned that Dow based measures distort investment thinking and urged adoption of more accurate benchmarks.
MENTIONED IN THIS ARTICLE
San Francisco
Harry D. Comer
New York Stock Exchange
Paine, Webber, Jackson & Curtis
National Federation of Financial Analysts Societies
New York Times
Herald-Tribune
Eastman Kodak
duPont
Sears, Roebuck
American Can
American Telephone
American Tobacco B
Corn Products Refining
General Electric
General Foods
International Nickel
Woolworth
Eastmer Kodak
Comer
Dow-Jones
Dow
The
Dow Jones
International Silver
U. S. Steel
Air Reduction
Allied Chemical
Herald Tribune
Standard & Poor
General Motors
Dow- Jones
Dow-Jones & Co
Times
Associated Press