Dow closing

[Lief]

Frozen pork bellies are unfortunately no longer a commodity listed on the Chicago exchange as of July. A minute of silence for our loss...

[J. J.]

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.

[J. J.]

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

[J. J.]

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

[patrick1]

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?
 

[J. J.]

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.

[Lief]

http://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=%24indu&CP=0&PT=6

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

[KEmperor]

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. 

[J. J.]

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.

[angus]

Bernanke just spoke ...

                                      ... but didn't really say anything. 

[J. J.]

Bernanke just spoke ...

                                      ... but didn't really say anything. 

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

[J. J.]

Dow @ 11284.54, up about 135.  As noted, about 350-400 point range.

[J. J.]

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.

[J. J.]

Dow @ 11539.25, up 255 points.  Still volatile, about a 150 point moves, but moving in the right direction.

[J. J.]

Dow @ 11559.95, up about 21.  It was down over 100, and up about 75, so there is still volatility.

[J. J.]

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.

[J. J.]

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. 

[J. J.]

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.

[J. J.]

Dow @ 11,240.49, down 253.  The bright side is that it was a bit more stable after the initial drop, perhaps 90 points. 

[J. J.]

Dow @ 11,339,30, down about 101.  The range was about -90 to -308, but off its lows.

[J. J.]

Dow @ 11416.86, up 275.  The day started out good and got better.  The German court ruling is credited for the rise.

[Senator Snowstalker]

http://www.youtube.com/watch?v=oI3DlIrvoHg

[J. J.]

Dow @ 11295.89, down about 119.  Still about the 120 point range.

[J. J.]

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.

[J. J.]

And some people are already blaming the speech for the drop.