Dow closing

[J. J.]

Dow average is up about 214 points, but I think down about 80-100 points from last Monday.

[J. J.]

Now closing down 76.97 to 11,405.

[You kip if you want to...]

Thanks, I don't know how to use Google.

[phk]

Yeah can't you post a chart?

[J. J.]

Yeah can't you post a chart?

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.

[J. J.]

Dow close at 11,410.21, up under five points.  Some well needed stability might have returned to the markets. 
   

[J. J.]

So much for my hopes of a return to stability. 

[Beet]

Today could be a +1,000 point circuit breaker day.

"Black Thursday."

[J. J.]

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).

[VP Duke]

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.

[J. J.]

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.)

[J. J.]

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.)

[J. J.]

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.)

[J. J.]

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.)

[Beet]

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.

[J. J.]

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.]

Dow Futures are down 61, so we might not be seeing an extension.  It still looks like there is volatility. 

[King]

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

[Lіef]

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?

[J. J.]

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.

[Lіef]

Maybe I'll make a thread tracking Frozen Pork Belly prices.

[J. J.]

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. 

[J. J.]

Dow @ 11320.71, up 144.  The volatility remains.

[King]

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.

[J. J.]

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.