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Synopsis
Charles Dow, a journalist, designed his stock average 100 years ago this year. Attempting to make sense of the market and identify general trends, he began with 11 stocks, most of them railroads, and compared his average to placing sticks in the beach sand to determine, wave after wave, whether the tide was coming in or going out. A foreword by the markets editor of The Wall Street Journal , John A. Prestbo, details how the Averages were first conceptualized, and when and what changes have taken place; a chronological history explains why certain stocks were used during various periods to compile the Averages. The meat of the book is monthly table after monthly table identifying the daily highs, lows, and closing figures of industrials, railroads, utilities, and bonds. Annotation c. by Book News, Inc., Portland, Or.
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- PublisherIrwin Professional Pub
- Publication date1996
- ISBN 10 0786309741
- ISBN 13 9780786309740
- BindingHardcover
- Edition number4
- EditorPierce Phyllis S.
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The Dow Jones Averages, 1885-1995
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