Adam Nash:
As of September 17, 2012, AAPL closed at 699.781/share. As it turns out, if Dow Jones had added Apple instead of Cisco in 2009, the index would now be at 16,617.82. Hard to think that hitting all new highs wouldn’t be material for market psychology and the election.
Without Apple, the Dow sits at 13,553.10. It seems silly to me not to include Apple, and it really speaks volumes that a group of people thought Cisco was the way to go.