The Dow is more a barometer of the economy and not so much the stock market. The photography sector isn't all that crucial to the economy.
Chuck Carlson
There has been turnover of more than a third of the companies in the past few years. I don't think there is any pressing need to make more changes right now.
past
Historically, it's not like GM has always been a great company. It's had it's cyclical down periods. But you need to look at the import of GM, not as much a stock but as a barometer of the economy.
company economy great
That really says investors are getting impatient with the turnaround in the technology sector.
technology
market photography economy
I think there is a remote chance of GM being removed only because the Dow people probably don't necessarily like having companies in there with a junk bond rating
chance people bond
If I can get money from you, there must be some earnings there.
money
Who cared about a 2 percent yield when you were making 30 percent on your money.
Those [stocks] are the ones where you haven't had any pre-announcements.
I think the people at Dow would have to acknowledge that there is something to the Internet
people internet
Valuations are getting stretched, especially in the technology sector. There may be some recovery in the economy, but the notion that it will translate into a big jump in corporate profits - the jury is still out on that.
technology economy corporate recovery big
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