Digital Power Corp (DPW)

[Advisors]

What's the deal with kids screaming "Panic!"? The Dow declined mere 4.6% off its hyper-ballooned level of 26K+, whereas Black Monday (Oct1987) was a catastrophic decline 23%, don't even mention 1929. Also, these past 2 business days declines (Fri+Mon 2+5Feb2018) is NOT even in top 20 decliners (percentage-wise)!! The market behaves very normal today to stage a long OVERDUE correction vs. its parabolic rise in mere months. I'd not press panic button even if we see a drop to 23K the following days. What's really annoying is the whole concept of DOW in itself - obsolete & no longer measuring health of investing engines. Those 30 components are firsly, too few, secondly too old. Dow includes dinosaurs like General Electric, that hadn't been innovative in ages, and yet Apple Inc isn't replacing GE in Dow, why not?! Because, Wall Street is a slave of Traditions. Akin to British still spelling encyclopedia as encyclopaedia, we allow Dow to impress public as it rises & falls regardless of REAL health of economy. Employment is good, wages rising, non-Dow companies rising, heck many didn't lose a cent today while Dow plunged 1175 points. I am personally only involved with 1 Dow component (GE), why do we treat this index same way as decades ago? Neither is NASDAQ enough anymore.