- The Big Picture - http://www.ritholtz.com/blog -

When Does GM Get Kicked Out of the Dow, part II

Posted By Barry Ritholtz On June 26, 2008 @ 2:00 pm In Financial Press,Index/ETFs | Comments Disabled

With GM now at 53-year lows [1], its time to revisit the question. Back in November, we asked "When Does GM Get Kicked Out of the DJIA?" [2]

Let’s start a pool: At what point in the future will General Motors
(GM) ignominiously join Eastman Kodak (EK), Woolworth and others and
get tossed out of he Dow Jones Industrials?  And, who will replace them?

I am betting this happens within 5 years, and perhaps even within 3.

As to the replacement, I might have said Google (GOOG) — but I
assume the DJ Editors learned their lesson top ticking Microsoft (MSFT)
and Intel (INTC).  Instead, my bet will be Cisco (CSCO).

Did I say three – five years? Let’s change that to 12-24 months and I still think its Cisco over Google . . .

~~~


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2008/06/when-does-gm-get-kicked-out-of-the-dow-part-ii/

URLs in this post:

[1] 53-year lows: http://news.yahoo.com/s/nm/20080626/bs_nm/autos_dc_4

[2] "When Does GM Get Kicked Out of the DJIA?": http://bigpicture.typepad.com/comments/2007/11/when-does-gm-ge.html

Copyright © 2008 The Big Picture. All rights reserved.