"Martin Eastburn" wrote in message ...
The big lie is simply a lot of the companies that went bust were
in the Dow and they were replaced with other companies.

In other words - the books have been cooked - slowly but the name
never changed.


Hogwash.

Of the 30 Dow components in place during the recent lows of 2009, only 3 have been replaced.

Of the three replacements, ( Traveler's Companies, Cisco, and United Health Group ) Traveler's has almost doubled in valuation, representing a slight underperformance; Cisco has VERY significantly underperformed, and United Health Group has performed only slightly better than the overall averagel.