Author Topic: DOW broke 17,000 (Read 115229 times)

Smurf Hunter · « **Reply #150 on:** December 19, 2014, 10:55:55 AM »

Quote from: CharlesH on December 18, 2014, 11:38:55 PM

I think part of the love affair with low rates is that it increases the opportunity cost of not being in stocks. When rates are essentially zero there is little to gain from bonds and cash, so the big players will seek return from stocks. Some of that money that would be loaned out as debt also ends up in real estate I'm sure, and other commodities. But stocks are a real easy place to put cheap money.

+1

That's exactly why market news reports respond to the FED holding down rates in a celebratory way. The current system punishes those who hold cash. I occasionally rationalize this for consumer purchases. e.g. may as well buy a case of ammo today, it's only going to cost more later.

Hypothetically, if I could walk into BankOfAmerica and open a C.O.D. earning 5%, why would I ever risk anything in stocks?

Josh the Aspie · « **Reply #151 on:** December 19, 2014, 11:09:17 AM »

So in other words, using the illusionary health of the stock market as a proxy for the health of the nation's economy is a huge trap that many fall into. The fact that this has become a cultural meme actually shifts it into the direction of being the truth, because of how things that affect the stock market scare average Americans, thus affecting other areas of the economy.

CharlesH · « **Reply #152 on:** December 19, 2014, 12:17:33 PM »

Quote from: Josh the Aspie on December 19, 2014, 11:09:17 AM

So in other words, using the illusionary health of the stock market as a proxy for the health of the nation's economy is a huge trap that many fall into. The fact that this has become a cultural meme actually shifts it into the direction of being the truth, because of how things that affect the stock market scare average Americans, thus affecting other areas of the economy.

Yep. Seems like. I use this opinion by not watching the news on the stock market or reacting to big moves in it. I have a % of my wealth that is invested in index mutual funds (all more diverse than the S&P and at least one International fund with at least some exposure to markets around the world) and once a year in December I rebalance it with cash-like mutual funds so the % stays the same. I am more heavily invested in real estate than most in my wealth bracket so big stock moves aren't as big a deal to me anyway, but even if I had more invested, I don't think I would try to game it.

Cedar · « **Reply #153 on:** December 23, 2014, 08:47:51 AM »

Dow Jones industrial average trades above 18,000 points for the first time - AP
Currently at 18,051.14

U.S. third-quarter GDP growth revised to 5.0%, highest in 11 years - MW

Cedar

ResidentCelt · « **Reply #154 on:** December 23, 2014, 09:29:15 AM »

Quote from: Cedar on December 23, 2014, 08:47:51 AM

Dow Jones industrial average trades above 18,000 points for the first time - AP
Currently at 18,051.14

U.S. third-quarter GDP growth revised to 5.0%, highest in 11 years - MW

Cedar

BUY BUY BUY

or...

SELL SELL SELL

or...

AAAAAAHHHHHHHHH

Cedar · « **Reply #155 on:** December 23, 2014, 11:18:29 AM »

The new high for today is 18,067.85. At this point, +106.53.

Cedar

Beetle · « **Reply #156 on:** December 23, 2014, 07:00:26 PM »

Keep going!! All good for my pension.

Cedar · « **Reply #157 on:** December 23, 2014, 07:13:29 PM »

New record was High of 18,069.22. Closed at 18,024.17.

Cedar

Cedar · « **Reply #158 on:** December 26, 2014, 03:23:48 PM »

It broke 18,103.45 today, settling at 18,053.71

In just more than a year, the Dow Jones Industrial Average has blown through three 1,000-point levels, first cracking 16,000 in November 2013 and breaking through 18,000 this month. So when will the Dow touch 19,000? Not in 2015, Hugh Johnson, chief investment officer at Hugh Johnson Advisors
http://www.cnbc.com/id/102296362

Cedar

FreeLancer · « **Reply #159 on:** December 26, 2014, 03:29:16 PM »

Quote from: Cedar on December 26, 2014, 03:23:48 PM

So when will the Dow touch 19,000? Not in 2015, Hugh Johnson, chief investment officer at Hugh Johnson Advisors
http://www.cnbc.com/id/102296362

Never underestimate the market's ability to stay crazy longer than you can stay solvent.

Cedar · « **Reply #160 on:** January 05, 2015, 09:42:11 AM »

-273 point drop so far today

U.S. stocks fell sharply on Monday, with energy companies leading losses as the price of oil fell to its lowest since April 2009.

Cedar

Cedar · « **Reply #161 on:** January 05, 2015, 10:36:43 AM »

12:30pm -307.93
12:31pm -313.26
12:32pm -314.64

Cedar

Beetle · « **Reply #162 on:** January 05, 2015, 12:24:13 PM »

Tomorrow it will bounce back up.

Cedar · « **Reply #163 on:** January 05, 2015, 12:58:37 PM »

Maybe..

2:56pm -336 at the moment.. oh wait...
2:58pm -343
3:00pm -348
3:01pm -354

Cedar

Cedar · « **Reply #164 on:** January 14, 2015, 10:25:51 AM »

Yesterday it went up 200-something I think.. and today dropping like a rock again.

12:22pm -279.45
Today's excuse is "Stocks plunge as retail sales, JPMorgan disappoint"

Cedar

PS.. I am not really caring what it is doing, I am watching for that trend of it starting to crash. I watched it in on the last one in October 2008

Cedar · « **Reply #165 on:** January 14, 2015, 11:59:35 AM »

1:54pm -329.36

Cedar

Louisiana Suvivor · « **Reply #166 on:** January 14, 2015, 03:45:25 PM »

Quote from: Cedar on January 14, 2015, 11:59:35 AM

1:54pm -329.36

Cedar

I'm waiting too. I love hearing the reason why it's happened.

hackmeister · « **Reply #167 on:** January 15, 2015, 07:47:38 AM »

Swiss remove Euro-cap for the Franc:
http://www.bbc.com/news/business-30829917

Beetle · « **Reply #168 on:** January 15, 2015, 09:58:22 PM »

Quote from: hackmeister on January 15, 2015, 07:47:38 AM

Swiss remove Euro-cap for the Franc:
http://www.bbc.com/news/business-30829917

It's gonna get fun tomorrow.

Prodigy · « **Reply #169 on:** January 16, 2015, 03:13:15 PM »

10 trading days so far in 2015, and 6 official Hindenburg Omens. Likely another one today. Combine with the H.O.'s from December, and we are talking about some very bizarre territory. I expect plenty more crazy ups and downs over the coming weeks.

Cedar · « **Reply #170 on:** January 27, 2015, 11:11:26 AM »

DOW dropped -291.45 right out of the gate this morning. Went to below -300 for a bit. Erases All Post-QE Gains

U.S. stocks dropped sharply on Tuesday, with the Dow positioned for its worst hit since October, as corporations reported earnings that disappointed and orders for U.S. business equipment unexpectedly declined in December.

Cedar

Beetle · « **Reply #171 on:** January 27, 2015, 07:07:18 PM »

I wonder how much fuel was saved by everyone being ordered off the roads?

Cedar · « **Reply #172 on:** January 28, 2015, 02:19:48 PM »

Closed today at 17,191.37 Ended up -195.84

Cedar

Smurf Hunter · « **Reply #173 on:** January 29, 2015, 10:47:43 AM »

I subscribe to a free financial news service that crowd sources user contributed articles. Admittedly a bunch of it is over my head, but I get regular updates that speculate what varies stocks or even markets will do. I find this informative to track what the investor types think of the corporation I work at.

Anyhow a couple days ago I get such an alert for a commercial real estate stock I have in my IRA. It's a big dividend paying equity. Think it's 10-13%.
What was interesting is that a bunch of people sold it on the same day the dividend was paid (ex-dividend date).

So within 24 hours it appeared to drop 1.5%, BUT if you factor in the dividend amount paid out, that offset more than .9% of that share price drop. So it lost only .55% which isn't a big deal for most people.

Things are not always equal for comparison, and assumptions lead to more assumptions and soon it's impossible to figure out what's really happening.

Beetle · « **Reply #174 on:** January 29, 2015, 07:05:35 PM »

Quote from: Cedar on January 28, 2015, 02:19:48 PM

Closed today at 17,191.37 Ended up -195.84

Cedar

Buy the dip.

Cedar · « **Reply #175 on:** February 03, 2015, 05:13:02 PM »

The Dow Jones Industrial Average surged +305.3 points in the last 15 minutes of trade to close up 1.76 percent at 17,666.40. due to oil.
http://money.cnn.com/2015/02/03/investing/stocks-markets-oil-prices/

Cedar

Cedar · « **Reply #176 on:** May 14, 2015, 08:30:46 PM »

18,252.24 +191.75 today
S&P 500 hits record close, Nasdaq tops 5000

Dow's record closing high of 18,288.63, was set March 2 (I have not looked at it in awhile, didnt know it broke 18).

Cedar

Max · « **Reply #177 on:** May 15, 2015, 09:12:20 AM »

I still holding with we'll see DJIA at 20,000 before we get any major pull back/crash. Meanwhile Main Street has been in a depression since 2007 and some even say since 2005 (John Williams of Shadow Stats). Just for the record I called last October's pull back.

Cedar · « **Reply #178 on:** August 21, 2015, 12:50:04 PM »

DOW down
11:49 my time -392 just now
11:50 my time -403

16,589.16

Evidently it dropped -300some points yesterday as well?

Today Brazil and Mexico lost -600some points each
   FTSE 100    England    -180.24    -2.83%
   Euronext 100    Europe    -51.03    -5.39%
   CAC 40    France    -253.11    -5.18%
   DAX    Germany    -307.67    -2.95%    1
   Swiss Market Index    Switzerland    -306.14
China    -156.55    -4.27%
Taiwan    -242.89    -3.02%

Cedar

Cedar · « **Reply #179 on:** August 21, 2015, 01:12:50 PM »

Everytime I look up at the screen to double check what I am posting for a number it keeps dropping more. 4th day of losses.

-419 12:10pm my time,
-430 12:11 pm my time
-439 12:11 pm my time
-444 12:11pm my time
-449 12:13pm my time
-456 12:14pm my time
-472 12:15pm my time
-477 12:15pm my time

China's economy is said to be blamed
http://www.nbcnews.com/news/us-news/stock-market-plunge-dow-plunges-lowest-level-year-china-fears-n413916

Cedar

News:

Author Topic: DOW broke 17,000 (Read 115229 times)

Max