Dissecting the Dow's Underperformance -- Part I
Whither the Dow Jones Industrial Average in 2013, beyond that first, unsustainably nice day of the year? Despite Wednesday's rally, you have to be depressed and suspicious of how poorly this index performed in 2012, finishing up a pathetic 7.3% against gains of 15.9% in the Nasdaq's and 13.4% in the S&P 500. (We've already seen about half last year's performance on day one of 2013!)
Who are the culprits behind this underperformance? Who did well in a futile attempt to save the index from abysmal results vs. the others? What's next for the oh-so-venerable but -- at least last year -- out-of-synch index?...912 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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