January 26, 2009 at 14:00 PM EST
Watch for TARPs Part Three and Four
What does it mean for Citigroup (C) to be at $3? As it turns out it distorts the information we think we’re getting from the Dow Jones Industrial Index. And more TARP money is surely in our future - far more than anyone in authority is now suggesting. This week's letter will cover both topics and a little more. Mister Softee is Only Worth 136 Dow Points Off and on over the years I’ve written about the distortions that the Dow Jones Industrials creates by using a price-based index rather than a market-cap index. As an example if Microsoft ...
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