The Dow crossed 20,000 for the first time last month. The graphic below shows the index components back in March 1999 and January 2017. In 1999, the dot-com was all the craze but now it has replaced by social media, e-commerce 2.0, etc.

Back then the constituent with the largest market cap was General Electric (GE).Now its Apple(AAPL).Eastman Kodak has disappeared  Though the Dow is widely followed and is supposed to represent the US economy, there are many problems with this index. I will post an article soon on some of the issues with this index.

Click to enlarge

Source: WSJ

Disclosure: No Positions