Not everyone is into stocks.
There are many people that don’t invest in a specific manner. They certainly do not have time to buy and hold stocks, or the temperament to analyse listed businesses deeply and make purchase and sale decisions on fundamentals.
The majority of peers and acquaintances are not familiar with specific stocks.
However, everyone is familiar with the main blue chip stock index of their country. If you are a Singaporean, you will be familiar with the Straits Times Index, if you are a USA guy, you will be familiar with the Dow Jones Index or the S&P 500 Index.
When the prices goes up and down, they do not know it daily, but they have one eye on the general direction.
It is no surprise that people who have the speculative streak wishes to be able to speculate on the direction on the index.
Thus at ...
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