Later this month, Apple will make their long awaited debut in the DOW Jones Industrial Average.
AT&T will no longer be a part of the 30 companies counted toward the calculation of the Index. This comes on the heels of a 7-1 stock split by Apple, which lowered the price/share to a much more reasonable $125. Apple is one of, if not THE most valuable company out there and it will no doubt rev up the DOW engine, and potentially bloat the index initially. I can't help but be excited even though I know the metrics will be somewhat skewed initially. This is an exciting time as numbers in most major indexes are seeing record numbers. Some will say that this is a bubble nearing an explosion, but on the other side of that spatial model, they will tell you that the DOW could approach 23,000 within a year or two. The truth may lie somewhere in the middle. Whatever the case may be, I look forward to what is to come of it.