Talk Elections

General Politics => Economics => Topic started by: J. J. on August 15, 2011, 03:03:13 PM



Title: Dow closing
Post by: J. J. on August 15, 2011, 03:03:13 PM
Dow average is up about 214 points, but I think down about 80-100 points from last Monday.


Title: Re: Dow down
Post by: J. J. on August 16, 2011, 03:18:16 PM
Now closing down 76.97 to 11,405.


Title: Re: Dow down
Post by: You kip if you want to... on August 16, 2011, 05:41:02 PM
Thanks, I don't know how to use Google.


Title: Re: Dow down
Post by: phk on August 16, 2011, 05:43:18 PM
Yeah can't you post a chart?


Title: Re: Dow down
Post by: J. J. on August 16, 2011, 08:08:06 PM

Where is there one?  I'd like to use a 30 day and one year chart, for comparison.

I'm expecting the Dow to drop below 10,000 at some point by the end of 2011, but not stay there.


Title: Re: Dow closing
Post by: J. J. on August 17, 2011, 04:10:39 PM
Dow close at 11,410.21, up under five points.  Some well needed stability might have returned to the markets. 
   


Title: Re: Dow closing
Post by: J. J. on August 18, 2011, 09:12:25 AM
So much for my hopes of a return to stability.  :(


Title: Re: Dow closing
Post by: Beet on August 18, 2011, 09:23:25 AM
Today could be a +1,000 point circuit breaker day.

"Black Thursday."


Title: Re: Dow closing
Post by: J. J. on August 18, 2011, 09:47:52 AM
Today could be a +1,000 point circuit breaker day.

"Black Thursday."

So far, it is off its lows, but it is too early to tell, obviously.

I was hoping for stability.  Gold is going through the roof, and I'm still expecting a correction there.

I do expect the Dow to close below 10,000 before the end of the year, but longer term, I expect an improvement (in this case, over a year away).


Title: Re: Dow closing
Post by: Fmr. Pres. Duke on August 18, 2011, 02:16:07 PM
Things will continue to be like this as long as we are in the mindset that things are getting worse. The country has no confidence in Washington, and until that chances, we're going to be in real trouble.


Title: Re: Dow closing
Post by: J. J. on August 18, 2011, 03:12:52 PM
Dow at 10,990.53, a drop of 419 points.

How much have we lost in the last month?  Seriously, anybody have the numbers from the start of July.

(Meanwhile, gold continues to advance, possibly to a new record high.)


Title: Re: Dow closing
Post by: J. J. on August 19, 2011, 03:27:40 PM
Dow at 10817,65, down about 173.  It was down most of the day and wasn't too far off futures.  It might show less volatility.

(Meanwhile, gold continues to advance, possibly to a new record high.)


Title: Re: Dow closing
Post by: J. J. on August 22, 2011, 03:24:07 PM
Dow 10854, up 37.  Futures were relatively sable and there was not a lot of volatility.

(Meanwhile, gold continues to advance, possibly to a new record high.)


Title: Re: Dow closing
Post by: J. J. on August 23, 2011, 03:40:56 PM
Dow @ 11.176.76 up 322.1.  It is about a 3% increase.  Still volatile, but heading in the right direction.

(Meanwhile, gold goes into a correction.)


Title: Re: Dow closing
Post by: Beet on August 23, 2011, 04:30:23 PM
The "internals" of this rally are not very good.

The first thing I checked was the yield spread on Spanish and Italian bonds- they widened today by the most since the ECB announced bond buying. Not good.

The second thing I checked was financial stocks. FAZ was up a good 9%, but BAC was actually down and C gave up all its gains after-hours. Not good.


Title: Re: Dow closing
Post by: J. J. on August 23, 2011, 06:40:23 PM
I think at some point within the next year, it will close below 10,000, but I'd prefer an orderly retreat.

You are probably correct in regard to the internals.


Title: Re: Dow closing
Post by: J. J. on August 23, 2011, 08:27:20 PM
Dow Futures are down 61, so we might not be seeing an extension.  It still looks like there is volatility.  :(


Title: Re: Dow closing
Post by: King on August 23, 2011, 10:28:23 PM
I think at some point within the next year, it will close below 10,000, but I'd prefer an orderly retreat.

You are probably correct in regard to the internals.

J.J.: he prefers the stock market to retreat


Title: Re: Dow closing
Post by: Lief 🗽 on August 23, 2011, 11:25:18 PM
So this Economics forum is just threads made up almost solely of J.J. reporting things that can be found in literally five seconds on Google, right? Or am I missing something here?


Title: Re: Dow closing
Post by: J. J. on August 23, 2011, 11:44:50 PM
I think at some point within the next year, it will close below 10,000, but I'd prefer an orderly retreat.

You are probably correct in regard to the internals.

J.J.: he prefers the stock market to retreat

No, I'd prefer an orderly retreat to a crash.  It would not be too good for the market to go down, at this point.  It would a disaster for for it to drop 500-700 points in a day and swing around a few hundred points for a few weeks.

So this Economics forum is just threads made up almost solely of J.J. reporting things that can be found in literally five seconds on Google, right? Or am I missing something here?

Well, Lief, if you would have read Beet's comments, you would see that there is more to it than that.  Sorry neither of you understand that.



Title: Re: Dow closing
Post by: Lief 🗽 on August 24, 2011, 12:04:39 AM
Maybe I'll make a thread tracking Frozen Pork Belly prices.


Title: Re: Dow closing
Post by: J. J. on August 24, 2011, 12:34:04 AM
Maybe I'll make a thread tracking Frozen Pork Belly prices.

If you wish to make one on an actual commodity, I have no objection.  There actually are pork bellies, but not frozen.

These two threads deal with measures of market activities, which are right now of some importance to the world economy.

If we were at a point where we were concerned inflation and food prices, it would probably be reasonable to have in depth discussions on various food futures.  We're not at that point.

I think some of us might wish to discuss the market and market dynamics.

If your real objection is that you don't want to read this thread, my suggestion is, don't read this thread. 


Title: Re: Dow closing
Post by: J. J. on August 24, 2011, 05:00:37 PM
Dow @ 11320.71, up 144.  The volatility remains.


Title: Re: Dow closing
Post by: King on August 24, 2011, 07:10:02 PM
Thanks bro.  Where did you find this info?  I've been looking all over for non-detailed closing bell numbers of the Dow Jones Industrial Average and can't seem to find it anywhere except here.


Title: Re: Dow closing
Post by: J. J. on August 24, 2011, 09:54:06 PM
Thanks bro.  Where did you find this info?  I've been looking all over for non-detailed closing bell numbers of the Dow Jones Industrial Average and can't seem to find it anywhere except here.

Well, you found it.  You might be looking for a quick comparison about what the closings are.

If your real objection is that you don't want to read this thread, my suggestion is, don't read this thread.


Title: Re: Dow closing
Post by: Lief 🗽 on August 24, 2011, 11:15:29 PM
Frozen pork bellies are unfortunately no longer a commodity listed on the Chicago exchange as of July. A minute of silence for our loss... :(


Title: Re: Dow closing
Post by: J. J. on August 24, 2011, 11:55:28 PM
Frozen pork bellies are unfortunately no longer a commodity listed on the Chicago exchange as of July. A minute of silence for our loss... :(

Lief, you are perfectly free to discuss other commodities, but right now, the only two markets with national, if not global significance, are gold and the Dow.


Title: Re: Dow closing
Post by: J. J. on August 25, 2011, 09:25:07 AM
The volatility is still there; the range this morning is more than 150 points.


Title: Re: Dow closing
Post by: J. J. on August 25, 2011, 03:04:56 PM
Dow @ 1149.90, down 171.  The volatility continues with a 250-300 point range.


Title: Re: Dow closing
Post by: patrick1 on August 25, 2011, 03:21:01 PM
Dow @ 11320.71, up 144.  The volatility remains.

The volatility is still there; the range this morning is more than 150 points.

Dow @ 1149.90, down 171.  The volatility continues with a 250-300 point range.

J.J., have you turned into nkpatel?
 


Title: Re: Dow closing
Post by: J. J. on August 25, 2011, 03:31:06 PM
Dow @ 11320.71, up 144.  The volatility remains.

The volatility is still there; the range this morning is more than 150 points.

Dow @ 1149.90, down 171.  The volatility continues with a 250-300 point range.

J.J., have you turned into nkpatel?
 

No, I'd just doing a summary.

We are in a very bad economic period and it might be a good idea to keep track of two good barometers, the Dow and gold.


Title: Re: Dow closing
Post by: Lief 🗽 on August 25, 2011, 08:52:49 PM
http://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=%24indu&CP=0&PT=6

http://www.goldprice.org/spot-gold.html


Title: Re: Dow closing
Post by: KEmperor on August 25, 2011, 09:50:04 PM
Honestly, I try NOT to look at the closing every day.  I've got my money in my 401k for the long haul, don't want to start getting emotional about it. 


Title: Re: Dow closing
Post by: J. J. on August 26, 2011, 09:03:24 AM
Honestly, I try NOT to look at the closing every day.  I've got my money in my 401k for the long haul, don't want to start getting emotional about it. 

I'm attempting to look at two things:

1.  Price.

2.  Volatility.  This might even be more important.

I want to see stability over fluctuations, because that might encourage businesses to firm up plans.

Bernanke just spoke and we had an increase of volatility.


Title: Re: Dow closing
Post by: angus on August 26, 2011, 12:38:47 PM

                                      ... but didn't really say anything. 


Title: Re: Dow closing
Post by: J. J. on August 26, 2011, 12:49:57 PM

                                      ... but didn't really say anything. 

Agreed, but the market has had a 370 point swing, because of it.


Title: Re: Dow closing
Post by: J. J. on August 26, 2011, 03:14:14 PM
Dow @ 11284.54, up about 135.  As noted, about 350-400 point range.


Title: Re: Dow closing
Post by: J. J. on August 29, 2011, 11:57:34 AM
As of now, the Dow is up about 210 points; it opened up higher and there has, so far been an 80 point range.  That is not a lot of volatility, so far.


Title: Re: Dow closing
Post by: J. J. on August 29, 2011, 03:17:48 PM
Dow @ 11539.25, up 255 points.  Still volatile, about a 150 point moves, but moving in the right direction.


Title: Re: Dow closing
Post by: J. J. on August 30, 2011, 03:06:29 PM
Dow @ 11559.95, up about 21.  It was down over 100, and up about 75, so there is still volatility.


Title: Re: Dow closing
Post by: J. J. on August 31, 2011, 03:40:46 PM
Dow @ 11613.53 up about 53.  It was up most of the day and the range is about 100-125 points.  There is less volatility.

Dow is now past break even point for the year.


Title: Re: Dow closing
Post by: J. J. on September 01, 2011, 03:44:18 PM
Dow @ 11493.57, down about 120.  It did bob up at the opening so it still above a 150 point range.

September is considered a bad month for stocks.  Prices and leaves fall at the same time.  :)


Title: Re: Dow closing
Post by: J. J. on September 02, 2011, 07:47:53 AM
While there were suggestions of a 200 point drop at the opening (this was MSNBC), futures are down 81, and have improved slightly, after the unemployment number announcement.

Edit:  Now, it started dropping.


Title: Re: Dow closing
Post by: J. J. on September 02, 2011, 03:09:14 PM
Dow @ 11,240.49, down 253.  The bright side is that it was a bit more stable after the initial drop, perhaps 90 points. 


Title: Re: Dow closing
Post by: J. J. on September 06, 2011, 03:11:19 PM
Dow @ 11,339,30, down about 101.  The range was about -90 to -308, but off its lows.


Title: Re: Dow closing
Post by: J. J. on September 07, 2011, 03:06:50 PM
Dow @ 11416.86, up 275.  The day started out good and got better.  The German court ruling is credited for the rise.


Title: Re: Dow closing
Post by: Snowstalker Mk. II on September 07, 2011, 03:31:08 PM
http://www.youtube.com/watch?v=oI3DlIrvoHg


Title: Re: Dow closing
Post by: J. J. on September 08, 2011, 03:05:44 PM
Dow @ 11295.89, down about 119.  Still about the 120 point range.


Title: Re: Dow closing
Post by: J. J. on September 09, 2011, 03:11:16 PM
Dow @ 10992.13, down about 303. 

The sell off was not due to Obama's job plan, but to an economist resigning in Germany, according to Fox.  The Dow futures market was not bad, down about 9, after the speech.

There are rumors of a Greek default.


Title: Re: Dow closing
Post by: J. J. on September 09, 2011, 04:27:42 PM
And some people are already blaming the speech for the drop.


Title: Re: Dow closing
Post by: J. J. on September 12, 2011, 03:19:52 PM
Dow @ 11061.12, up 69.  It was down about 100-110 at one point, so volatility is there.


Title: Re: Dow closing
Post by: J. J. on September 13, 2011, 03:17:15 PM
Dow @ 11105.85, up about 45 points.  It had a 140 point range.


Title: Re: Dow closing
Post by: J. J. on September 14, 2011, 03:12:44 PM
Dow @ 11246.73, up 141.  The volatility continues, with a range of more than 250 points.


Title: Re: Dow closing
Post by: J. J. on September 15, 2011, 03:20:23 PM
Dow @ 11433,1, up 186.  Off its high by a bit so there is still volatility.


Title: Re: Dow closing
Post by: J. J. on September 16, 2011, 03:56:15 PM
Dow @ 11509.09, up 76.  It was in negative territory at one point, so there is a bit of volatility.


Title: Re: Dow closing
Post by: J. J. on September 19, 2011, 04:16:52 PM
Dow @ 11401,01, down 108.  It was lower by 240 earlier in the day, so still high volatility.  Money was leaving the stock market and heading toward Treasury Bonds.


Title: Re: Dow closing
Post by: J. J. on September 29, 2011, 04:08:38 PM
Dow @ 11,153, up 143.  Obviously high volatility since I've been out.


Title: Re: Dow closing
Post by: J. J. on September 30, 2011, 04:29:56 PM
Dow @ 10,913.38, -240.60.


Title: Re: Dow closing
Post by: J. J. on October 03, 2011, 04:02:40 PM
Dow @ 10665.30, -258.


Title: Re: Dow closing
Post by: Nym90 on October 04, 2011, 01:14:35 PM
Please refrain from simply posting the numbers without any analysis or commentary. There are many other places on the web where this information may be obtained.


Title: Re: Dow closing
Post by: Swing low, sweet chariot. Comin' for to carry me home. on October 04, 2011, 01:39:59 PM
www.youtube.com/watch?v=HNTxr2NJHa0


Title: Re: Dow closing
Post by: J. J. on October 04, 2011, 03:22:45 PM
Dow @ 10808.71, up 153.  A rumor from Europe that the the finance ministers were going to recapitalize the banks sparked a late day rally.  The range was about 400 points, so we are still seeing huge volatility.

So far, there is a slight downward trend in the Dow, but the volatility is the real problem.


Title: Re: Dow closing
Post by: J. J. on October 05, 2011, 03:25:19 PM
Dow @ 10,939.95, up 131.  Gold is also going up.  Earlier money was effective flowing out of the stock market and into gold.  Gold would increase while stocks would decrease.  That relationship has changed.


Title: Re: Dow closing
Post by: J. J. on October 06, 2011, 04:00:30 PM
Dow up 183 at @11,1233.33.    In the last 5 weeks, the Dow is off only slightly, about 200 points.  There is huge volatility.  Today, the market was generally up, so it was an orderly advance.


Title: Re: Dow closing
Post by: J. J. on October 10, 2011, 03:39:20 PM
Dow up 330 @11,343.18.  The reason was given as a Franco-German move to recapitalize European banks.

It closed near the high indicating an orderly advance, which is the best possible scenario.