Economics Professor Gary Smith's Research Referenced in Motley Fool Article
The Motley Fool article "Why Citigroup is Destined for Greatness, which discusses the removal of Citigroup from the Dow Jones Industrial Average, refers to Professor of Economics Gary Smith's research that shows that over time, stocks dropped from the DJIA outperform those added.
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http://www.fool.com/investing/general/2009/06/05/why-citigroup-is-destined-for-greatness.aspx