no such thing as a blue chip

Is the term blue chip share relevant today?

Is there any shares that could be termed "blue chip"?

I question that you could call a share a blue chip because things can change rapidly?

Look at what the GFC did?

Even a blue chip bank can go under?

A so called blue chip could fall in value exponentially.Look at companies like PPX,ELD and AMP a few years back.Macquarie bank has fallen a long way.

The loose definition of a blue chip is as follows.

A blue chip stocks can be defined as stocks with an established record of stable earnings power over a long period.

Most investors also consider stocks as blue chips if they have a lengthy record of uninterrupted dividend payments to common stock holders coupled with a strong balance sheet.