A generation ago my statistics professor at the University of Missouri explained “average” this way: If you put one foot in a bucket of ice water and one foot in a bucket of flaming gasoline, on average your crotch is just right.

Yeah, but………

And that’s the thing about stock market averages, they are worthless except as marketing propaganda.  I’ve quoted a lot of averages over the years and regret it. But, at least I’m willing to admit it. There are still educated idiots on CNBC who continue to blather about such drivel. They haven’t learned yet. My guess is they never will. The TV lights, the big important sounding words, and the ego trip of being an “expert” on international television is just too much to give up in order to tell the truth.