Why Not More Talk About S&P 500?

[erpowers]

I guess it is a good thing that with all the talk about the DOW hitting 10,000 reporters and news anchors are discussing that at least part of the reason for the DOW rebound is the fact that the government has put so much money into the financial market(s). However, I do wonder why there is not more talk about the S&P 500. I have heard that the S&P 500 is a more accurate indicator of how things are going in America. I would really like to hear more about how the S&P 500 is doing. I realize I can just look up the information and I will do that, but I still would like to hear the media discuss that information more.

[Engineer4Obama]

1. The Dow hit 10,000?

[erpowers]

2. Not Yet

It has not hit 10,000 yet, but the new media has been talking about the chance that it will happen for days.

[Engineer4Obama]

3. Do you remember when Glenn Beck first did "The War Room"

where he talked about doomsday scenarios? All of which were tied to the DOW being at a super low. The DOW's recovery doesn't mean the economy is recovering but it certainly wouldn't help if it was tanking.

[TheWebHead]

4. nobody pays much attention to DJIA

there's too few stocks involved to provide a reliable gauge of the economy, and when a couple stocks like GM and Citigroup fizzle it disproportionally hammers the index. The Dow is more of a media and casual observer's guide to the market, while S&P 500 is what the street pays attention to.

[rfranklin]

5. The stock market does not follow the economy...

tomight the S&P futures are up because Intel and Altera are predicting a great fourth quarter while presenting a dismal performance in the third quarter. This is effing smoke and mirrors! They think they can jawbone the economy into recovery because they can fool their Wall Street friends with such talk. Meanwhile, we are in an effing depression, with real unemployment at about 20 percent. This will not come out well in the end.