The Blues for the Blue Chips

Following the story of IBM and Caterpillar, the Wall Street Journal has another good report on the struggling business models of many stocks in the Dow-Jones Industrial Average Index. The story could be a good point for discussion in business schools. But, at an investment level, the story re-confirms, if it were needed at all, that the last four-five years of the performance of Dow-Jones index has been mainly due to Quantitative Easing and not as much to core corporate fundamentals such as Revenue growth. The article is here (may be, subscription needed)

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