The Global Dow (GDOW 1,418.45, -12.82, -0.9%) is much bigger -- 150 stocks rather than 30 -- and its components are weighted equally rather than by price. *
...The largest three components by float-adjusted market capitalization in the Global Dow are Exxon Mobil Corp., Procter & Gamble Co. and General Electric Co. The smallest are General Motors Corp., Renewable Energy Corp. ASA (Norway), and Suntech Power Holdings Co. (China).
As of the close on Monday, the Global Dow is down 44.22% for the year to date. The index's performance will be listed each day in the Markets Lineup chart package, on page C4.http://online.wsj.com/article/SB122644452817118779.html
Here is a link to the official press release:
Here is a video of the announcement:
In my view, it should gain more press attention.
And now for the acid test, the All Data chart, which shows the impressive upswing 2003-2008, and the last unbelievable, shocking few months, a "once-in-a-lifetime" event. Yes, definitely enough for a lifetime.