DJIA is a garbage index that's weighted by share price instead of anything meani... | Hacker News

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		thfuran on March 17, 2025 \| parent \| context \| favorite \| on: When the Dotcom Bubble Burst DJIA is a garbage index that's weighted by share price instead of anything meaningful and only includes 30 companies.

refurb on March 19, 2025 [–]

It’s highly correlated with the SP500, so pretty much interchangeable.

But the point stands - the market went up, then crashed back down a month before Trump took office.

So why is the media so confident that the recent repeat of that is due to tariffs?

(hint: the answer is “they are guessing”)

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