It's Tuesday, September 10th.

Welcome to Market Foolery.

I'm Chris Hill joining me in studio today for a million dollar portfolio, Dave Meyer,

and for a million dollar portfolio and Motley Full Special Ops, Mike Olson.

Happy Tuesday, chance.

Hello, happy Tuesday.

We're going to talk oil, we're going to talk McDonald's, we're going to talk Apple.

But you know, as Tony Korniser says, every once in a while the news fairy just drops a little package in your lap first thing in the morning and that was the case today because the Dow Jones industrial average which is comprised of 30 stocks, announced that three of them

will be changing as of September 28th.

Gone, our Bank of America, Hewlett-Packard, and Alcoa, in our Goldman Sachs, Nike and Visa. It's the first time since

2004 that 10% of the index was turned over my

my coffee and to me all right so I saw this headline this morning over my coffee and to me all it does is

it highlights the absolute absurdity and irrelevance of the Dow in the first place.

You know, so for those folks that are not index gurus, the Dow is a price-weighted index,

meaning that it is an average of the stock prices, not the market

values of the companies that comprise the index.

And so the funny part is the Dow folks said they removed Alcoa Bank of America and Hewlett-Packard

because their stock prices are too low.

So even if you were to believe that the day-to-day index price movements are representative of the state of the economy or markets, you know, which I don't, but that's another story altogether.

This only serves to exacerbate the problem because, you know because you're talking about a five dollar stock price

says nothing of a company's prospects relative to a hundred they could just have

you know 20 times fewer shares so that was kind of

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