The Game Is Rigged: Jack Bogle.....By Matt Nesto Yahoo Breakout

The Game Is Rigged: Jack Bogle

Thu, Sep 29, 2011

By Matt Nesto | Breakout 

"The game is rigged," says Jack Bogle, the octogenarian founder of The Vanguard Group. "It is too convoluted. It is too complex. You shouldn't be playing the game. You don't need to play the game."

With his paternal loyalty intact, the man who created the first index fund 35 years ago is unbending in his belief that speculators lose, and owning the broader market for the long haul is the best path to wealth appreciation. Not surprisingly, the enormous popularity and diversity of offerings within the fast growing universe of exchange traded funds or ETFs, has failed to convert him.

"The index investor doesn't need to be touched by any of the lunacy that is going on in the ETF market,"says Bogle. "The ETF industry, which has got to be the greatest marketing idea of this age, is not the greatest investment idea of this age, I can assure you."

http://finance.yahoo.com/blogs/breakout/game-rigged-jack-bogle-122640921.html%20;_ylt=AoXlthJ_MZ1F5vXBKfj1SYG7YWsA;_ylu=X3oDMTE5aDFndXBmBHBvcwM0BHNlYwNGUEJyZWFrb3V0QmxvZwRzbGsDdGhlZ2FtZWlzcmln?sec=topStories&pos=6&asset=&ccode=

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

September 13, 2011 Midday Financial Report

IraEpsteinFutures | Sep 13, 2011

Commodities, Ira Epstein, Linn Group, Futures Trading, Online Trading, Technical Analysis, Financial Report, Sales: 866-973-2077

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

September 13, 2011 Midday Metals Report

IraEpsteinFutures | Sep 13, 2011

Commodities, Ira Epstein, Linn Group, Futures Trading, Online Trading, Technical Analysis, Metals Report, Sales: 866-973-2077

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

How The Dow Jones Industrial Average is Calculated

How The Dow Jones Industrial Average is Calculated
By JLP | December 4, 2006

http://allfinancialmatters.com/2006/12/04/how-the-dow-jones-industrial-average-is-calculated/

Have you ever wondered HOW the Dow Jones Industrial Average is calculated? Here’s how!

According to the Dow Jones website, the index is calculated as follows:

The Dow Jones averages are unique in that they are price weighted rather than market capitalization weighted. Their component weightings are therefore affected only by changes in the stocks’ prices, in contrast with other indexes’ weightings that are affected by both price changes and changes in the number of shares outstanding.

When the averages were initially created, their values were calculated by simply adding up the component stocks’ prices and dividing by the number of components. Later, the practice of adjusting the divisor was initiated to smooth out the effects of stock splits and other corporate actions.

According to this weekend’s Barron’s, the current divisors are:

Dow Jones 30 Industrial Average: .12482483
Dow Jones 20 Transportation Average: .20882618
Dow Jones 15 Utilities Average: 1.4646169
Dow Jones 65 Composite Average: .77093357

So, to illustrate the calculation of the Dow Jones Industrial Average, look at the following table:

Ticker Symbol	Current Price (12/02/2006)
AA	30.87
AIG	69.77
AXP	58.55
BA	89.55
C	49.38
CAT	61.19
DD	46.45
DIS	33.09
GE	35.28
GM	29.69
HD	38.97
HON	42.81
HPQ	39.44
IBM	91.25
INTC	20.93
JNJ	65.97
JPM	46.01
KO	46.57
MCD	42.08
MMM	79.98
MO	84
MRK	45.06
MSFT	29.12
PFE	27.86
PG	62.69
T	34
UTX	63.86
VZ	34.64
WMT	45.87
XOM	77.2
TOTAL OF ALL PRICES	1522.13
CURRENT DIVISOR	.12482483
DIVIDE TOTAL BY DIVISOR	12194.13

Pretty cool isn’t it?

You can also calculate how much a particular stock is going to affect the average. For instance, today Pfizer is down 3.19 (at this writing). To find out what kind of impact that particular stock will have on the Average, you simply divide the price change by the divisor (-3.19 ÷ .12482483 = -25.56). So, Pfizer is taking away 25.56 points from the Dow Jones Industrial Average so far today. Fortunately, the rest of the components are doing okay, as the Dow is up around 95 points right now.

Now go tell all your friends and family that JLP taught you something interesting today!

http://allfinancialmatters.com/2006/12/04/how-the-dow-jones-industrial-average-is-calculated/

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Europe Indices - Mon, Sep 5, 2011, 9:38PM EDT

Europe Indices

Mon, Sep 5, 2011, 9:38PM EDT - U.S. Markets closed for Labor Day

http://finance.yahoo.com/intlindices;_ylt=AqGQ2uiDuw383CNE918L9VC7YWsA;_ylu=X3oDMTFnc2Q1cWNmBHBvcwMyMgRzZWMDbWFya2V0U3VtbWFyeUluZGljZXMEc2xrA3ZpZXdtb3JlaW5kaQ--?e=europe

^ATX	ATX	2,122.9012:08PM EDT	87.10 (3.94%)
^BFX	BEL-20	2,117.4612:10PM EDT	102.25 (4.61%)
^FCHI	CAC 40	2,999.5411:50AM EDT	148.99 (4.73%)
^GDAXI	DAX	5,246.1811:45AM EDT	292.15 (5.28%)
^AEX	AEX General	274.4512:10PM EDT	11.98 (4.18%)
^OSEAX	OSE All Share	402.2112:15PM EDT	17.98 (4.28%)
^SMSI	Madrid General	N/A	0.00 (0.00%)
^OMXSPI	Stockholm General	281.1411:30AM EDT	13.70 (4.65%)
^SSMI	Swiss Market	5,142.9911:30AM EDT	216.68 (4.04%)
^FTSE	FTSE 100	5,102.5811:35AM EDT	189.45 (3.58%)

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.