STORY OF DAY OSX NOT DJIA

The DJIA is closing at yet another six year high and the rest of the market, well who cares about the rest of the market. Maria is attributing the strength in the market to the new tax deal that is apparently done on capital hill. A letter to Maria, there are more than 500 stocks down on the day than up. Do you also want to attribute that to the new tax bill?

CNBC always focuses on the indexes that are doing well. How many times did they mention the trannies? Does anyone keep their eyes peeled on the transportation sector? sure.

Instead of focusing on the DJIA, they should be focusing on what is important today and that is the metals and the oils. How about telling us how the Semi's took it on chin as DELL got smoked.

It looks like the OSX has made a new all time high today and the metals indexes, HUI and XAU have made at least new ten year highs today. THAT IS THE STORY OF THE DAY AND NOT THE DJIA. The DJIA is a dopey price weighted index where a stock selling at 60 has three times the impact as a stock selling at 20. Whose idea was it to use a price weighted index for the DJIA? How dopey.