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Rainmaker
747,659
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Not an absolute indicator, but a needed gauge. It's a reliable index for those that understand it, and the need for it. The index of 30 acts sort of like a "bell weather index".

Feb 05, 2018 05:27 PM
Ambassador
1,655,961
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It is a reliable indicator. It reduces down to a control group. It is of course not the only indicator.

Feb 05, 2018 07:24 PM
Rainmaker
2,826,511
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

The DOW is ONE indicator. 

Feb 05, 2018 05:02 PM
Rainmaker
2,688,659
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Yes..it's the Dow Jones Industrial Avg.  I believe those others may be in Nasdaq.  Regardless, personally, I think the S&P 500 Index is a better indication.  But, typically they move together as there's lots of overlap.

Feb 06, 2018 01:13 PM
Rainmaker
5,119,644
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Pete Xavier with X Group Real Estate Advocates is well-versed with the stock market.... 

Feb 06, 2018 10:04 AM
Rainmaker
1,144,705
Joyce Marsh
Regal | Christie's International Real Estate - Ormond Beach, FL
Regal Christie's International Real Estate

It is one of many indicators.  

Feb 05, 2018 10:05 PM
Ambassador
3,983,717
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I know it only includes about 30 and actually checked the list about a month ago. It is just a barometer and not to be totally relied on.

Feb 05, 2018 09:27 PM
Rainmaker
4,572,951
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Yes, I do.  

Feb 05, 2018 07:26 PM
Ambassador
4,370,675
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

It seemed to be a good indicator a few weeks ago when trump was bragging about the economy.

Feb 05, 2018 06:09 PM
Rainmaker
451,111
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

It was the gold standard last week according to a really lot of people who were bragging on it.

Feb 05, 2018 05:37 PM
Rainmaker
1,222,072
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

However, it is the most recognizable index, not necessarily the best. 

Feb 05, 2018 05:25 PM
Rainmaker
5,503,408
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good luck with your investments.

Feb 05, 2018 04:51 PM
Ambassador
3,444,531
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I agree to some point but, as Pete Xavier with X Group Real Estate Advocates mentioned, it's but one source and a needed gauge.

Feb 09, 2018 10:25 AM
Rainmaker
4,160,435
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

One of many indicators, and sure did throw a few into a whirlwind.

Feb 08, 2018 12:09 PM
Rainmaker
1,263,312
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It's one indicator, just like Puxatony Phil.

Feb 06, 2018 09:06 AM
Rainmaker
1,035,293
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

DJIA actually tells you more than you believe. GE is getting kicked out as the large loss and low price impact the market trend.

Amzn, Alphabet may disappear all together but Thomas Edison's company GE will remain and remain to be a company. 

 

Feb 06, 2018 09:03 AM
Rainmaker
1,384,127
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Fred Griffin As Pete Xavier with X Group Real Estate Advocates it is an indicator and representative of the entire market.

Feb 06, 2018 06:57 AM
Rainmaker
53,780
Jordan Ayan
The Lifestyle Collection - Scottsdale, AZ
Luxury Market Expert, CLHMS,Million Dollar Guild

The Dow is a good indicator and gauge but is no longer the indicator that it once was of the entire stock market.  Broader indexes such as the NASDAQ tell a better story about the overall market.  They do usually run together, especially directionally.

 

Feb 06, 2018 05:53 AM
Rainmaker
3,051,109
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Not any longer, i think they should shuffle what is and is not in there. What goes up goes down, what goes down, goes up. 

Feb 06, 2018 05:46 AM
Rainmaker
3,212,019
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Yes, I did know that. Pete Xavier with X Group Real Estate Advocates said it perfectly.

Feb 06, 2018 04:05 AM
Rainmaker
479,011
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

It's just one indicator ...

Feb 05, 2018 08:42 PM
Rainmaker
3,983,713
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It is an indicator of what may be happening, but the day traders now days influence the market a lot also

Feb 05, 2018 08:25 PM
Ambassador
2,191,051
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

That's a great question for me to ask my investment advisor. 

Feb 05, 2018 07:29 PM
Rainmaker
745,065
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

No, it's just that - an "indicator".

Feb 06, 2018 08:00 PM
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you.

Feb 06, 2018 06:38 AM
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It is not a great indicator, but it is the one that everyone is using.

Feb 06, 2018 06:02 AM
Rainmaker
3,364,989
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It is great to hype the public!

Feb 06, 2018 05:57 AM
Rainmaker
3,054,229
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Joe Pryor nailed this one!

Feb 06, 2018 05:12 AM
Ambassador
4,301,228
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Fred Griffin - well, it's been there historically - without any changes and consideration to throw out someone to give place to the new giants. So, even if it is a wrong indicator, people are scared when it goes down 1,175 points!

Feb 05, 2018 09:44 PM
Rainmaker
2,485,078
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The dow goes ow!  What can you do? It does what it wants when it wants

Feb 05, 2018 06:41 PM