Dow Index Drops Bank of America!

[elleng]

(Not the entire headline but made me smile, so sharing! Can't say I'm thrilled about the 3 they're adding, but )

The Dow Jones industrial average is shaking up its roster.

Alcoa, Bank of America and Hewlett-Packard — three stalwarts of corporate America that have fallen out of favor lately with investors — will be removed from the Dow, to be replaced by Goldman Sachs, Visa and Nike, the parent company of the index said on Tuesday.

The change, which will go into effect after the close of trading on Sept. 20, is the largest revision to the index since April 2004, when AT&T, Eastman Kodak and International Paper were dropped. And it reflects the changing landscape on Wall Street and in the broader economy.

http://dealbook.nytimes.com/2013/09/10/dow-index-drops-bank-of-america-alcoa-and-h-p/?hp

[JimDandy]

1. Must be due to all their illegal foreclosures and the lawsuits

associated with them as well as the credit default swaps they bet on.

[Demeter]

2. That doesn't look like an improvement to me