Tuesday, November 17, 2009

Global Dow Index approaches 50% retrace of bear market



just discovered this index this morning actually. saw the quote on the WSJ site (which I don't visit very often). this is probably the best equities index I've come across. 150 stocks, equally weighted (rebalanced annually), multiple countries, industries etc, data updated pretty much around the clock. here is the link to the DJ info page.

the Global Dow Index would be perfect for the futures market, around the clock trading with the underlying cash markets open at the same time. something tells me they are working on this...

at the very least they could whip up an ETF that tracks the index.

anyhow, I think I am going to start analyzing GDOW regularly from here.