WEB Notes: Visit the source for the graph. Since 2011 the DOW in numbers climbed 73%. Yet, revenues for the 30 companies in this index actually dropped 4.4%. More proof for those in doubt that those big DOW numbers you see, are meant to keep the average American in the dark.

What a ride it has been. From the beginning of 2011 through January 27, 2017, so a little more than six years, the DJIA has soared 73%, from 11,577 to 20,094. Glorious!!

But when it comes to revenues of the 30 Dow component companies – a reality that is harder to doctor than ex-bad-items adjusted earnings-per-share hyped by Wall Street – the picture turns morose.

The chart below shows total aggregate revenues as reported under GAAP by the 30 companies that are today in the DJIA. This includes Apple, for example, though it only joined in 2015; and it no longer includes AT&T. For 2016, these 30 companies reported aggregate revenues of $2.69 trillion.

That’s down 4.4% from 2011 and the worst year since 2010:

Source: Dow Companies Report Worst Revenues since 2010, Dow Rises to 20,000 (LOL?) | Wolf Street



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