I don't understand the science of economics so most of this article makes little sense to me. However, this seems rather clear to me:
Perhaps someone can clarify this for me or refute the premise of the article @ Prison Planet.com » The All-Time-High In The Dow Jones Industrial Average Is A Hoax
On the other hand, companies in the take-off or acceleration phase are added to the index. This greatly increases the chances that the index will always continue to advance rather than decline. In fact, the manner in which the Dow index is maintained actually creates a kind of pyramid scheme! All goes well as long as companies are added that are in their take-off or acceleration phase in place of companies in their stabilization or degeneration phase.
Perhaps someone can clarify this for me or refute the premise of the article @ Prison Planet.com » The All-Time-High In The Dow Jones Industrial Average Is A Hoax