Should we be using the DOW or SP500 to analyse the US market trend?
I suspect that the total value of the SP500 might be many times that of the DOW and more representative of the broader market?
Certainly these indexes have diverged since their tops in late 1999 and early 2000 with DOW making new highs but the SP500 virtually double topping at over 7 years and with an ominous low between those tops giving a target along the lines of Armageddon and who knows what the future may hold looking at the current state of the world?
Does anyone know the total value of each of these indexes and is the DOW sector slanted?
target for the dow index., page-39
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