When I heard that Dow Jones had selected Kraft Foods to replace AIG in the Dow Jones Industrial Average, I couldn't believe it. Kraft (NYSE: KFT)? I mean, I love mac 'n' cheese as much as the next guy, but ... Kraft? What about the 14 companies I highlighted as likely candidates for the Dow? What about my two favorites—Amgen and Wells Fargo? I really thought Amgen would get the nod. Biotech represents an increasingly important part of the American economy, and picking Amgen would show that Dow Jones was embracing the future of American commerce and not just the well-established past. And Wells Fargo? What a statement that would have been about the continued importance of the Financial sector in today's economy! Wells Fargo is a well-run bank, and probably deserves a place in the Dow 30. It would have been nice to look past the headlines and recognize that. Still, now ...