Question: The Dow Jones Industrial Average is an index of the
The Dow Jones Industrial Average is an index of the prices of only 30 stocks. Consider a much broader measure of the stock market -- the market value of equities (FRED code: MVEONWMVBSNNCB)– which sums the price of each stock times the number of outstanding shares. After plotting it, comment on its pattern since the mid-1990s.
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