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Why publish the Dow?

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  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    The DOW Jones Industrial Average closed at $22,026 today. The real average of the 30 DOW stocks is about $82. The published DOW is 270 times the real average of the 30 DOW stocks. What possible reason is there to publish the DOW that is totally meaningless to most of the public? Does the $22026 number entice people to invest more money?
  • Center Left
    Independent
    Central, FL
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    It's ESPN for people with money to play with. Did my team win last night ?
  • Liberal
    Independent
    Durham, NH
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    Time filler. Why spend hours talking about some ignorant, meaningless sports figure (much less the score of an equally meaningless game)? It keeps the gullible, underinformed, uneducated minds off the really important things in life such as the latest sighting of Jebezus huffingtonpost.com/entry/jesus-mushroom...s
  • Independent
    Ft.myers, FL
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    pr Wrote: Time filler. Why spend hours talking about some ignorant, meaningless sports figure (much less the score of an equally meaningless game)? It keeps the gullible, underinformed, uneducated minds off the really important things in life such as the latest sighting of Jebezus huffingtonpost.com/entry/jesus-mushroom...s
    I had an potato which looked like Jesus; I tried if it could walk on water or talk to an snake; it did not work, so I ate it.
  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Dutch Wrote:
    pr Wrote: Time filler. Why spend hours talking about some ignorant, meaningless sports figure (much less the score of an equally meaningless game)? It keeps the gullible, underinformed, uneducated minds off the really important things in life such as the latest sighting of Jebezus huffingtonpost.com/entry/jesus-mushroom...s
    I had an potato which looked like Jesus; I tried if it could walk on water or talk to an snake; it did not work, so I ate it.

    Here you go Dutch!

    youtube.com/watch?v=yuH1PhzOVR4

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Chet Ruminski

    08-07-2017 35 mins

    There is going to be a big hit on the pension funds. They are the single biggest influence on the bull market. They are institutional buyers not so sensitive to conditions. They buy, stock goes up, so they buy more. Past due for a correction so unfortunately they'll take a hit and that hit will cost status quo dearly. They will support the real reforms that will protect them. Progressive reforms. That will be pressure to earn money.

  • Independent
    Ft.myers, FL
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    The heading: "Why publish the Dow" yes indeed why publish it. It consists only of about 30 odd stocks. The rest of the stocks just move in any direction depending of the market, company, day traders, hedge funds, what happens in the world or commodities movements or if an billionaire dumps his stocks to buy an new plane or yacht. The Dow may go up but your selected stocks may go down. So you may as well enter an Casino (not Trump's then you loose it all)
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Dutch Wrote: The heading: "Why publish the Dow" yes indeed why publish it. It consists only of about 30 odd stocks. The rest of the stocks just move in any direction depending of the market, company, day traders, hedge funds, what happens in the world or commodities movements or if an billionaire dumps his stocks to buy an new plane or yacht. The Dow may go up but your selected stocks may go down. So you may as well enter an Casino (not Trump's then you loose it all)
    Dutch, That is my point. The DOW is an artificial number changing more by personal input than actual stock changes. The real average of the DOW thirty stock portfolio is about $81. What possible meaning could headlines publishing the DOW is over $22,200 have? It just influences people to keep spending into the inevitable correction. Pension funds!!!
  • Liberal Democrat
    Democrat
    Kenosha, WI
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    For anyone who might have a 401K plan, the DOW might be important to them, especially if their 401K's are vested or invested in the stock market. For some, if and or when the DOW loses or plunges, changes to their 401K's can take on lowering of what they'll end up with for a retirement fund, plus, if anyone wishes to change their investments in a 401K, it could take up to 90 days before any changes can be made, but usually by that time, it's too late.

    EG, during the savings and loan crisis, my wife had employer matched 401K invested mainly in stocks, when the dust settled, she'd lost nearly $10,000.00 of her retirement fund. She and I both agreed at that time if either of us were to direct funds to a 401K, it would not be invested in stocks.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    The DOW is in a steep climb. Does that tell retirement funds to keep buying ? Or move retirement funds to Treasury Notes. The possibility of huge losses to pensions outweighs the low Treasury interests. By the time the DOW moves down it will be too late. Dockadams, Is that the only loss?
  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Chet Ruminski Wrote: The DOW is in a steep climb. Does that tell retirement funds to keep buying ? Or move retirement funds to Treasury Notes. The possibility of huge losses to pensions outweighs the low Treasury interests. By the time the DOW moves down it will be too late. Dockadams, Is that the only loss?

    I can only speak from personal experience, those people with 401K's which are invested solely into stocks is a big mistake, unless they're willing to risk losing all of the money they've put into it.

    As I see it, almost anything can bring down the stock market, all of them, not just the DOW, this morning, following Trump's new rhetoric about NK, all stock markets opened lower, this is what I mean by almost anything can bring all of them down.

    "(Reuters) - U.S. stocks opened lower on Wednesday as investors flocked to safe-haven assets amid escalating tensions between North Korea and the United States.

    The Dow Jones Industrial Average fell 63.37 points, or 0.29 percent, to 22,021.97."

    businessinsider.com/r-wall-street-opens...

    If we go back in history a bit, the world market and housing market crashes had a severe effect on banks and the stock market in 2008.

    "The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s. The scale and timing of the recession varied from country to country.[1][2] In terms of overall impact, the International Monetary Fund concluded that it was the worst global recession since the 1930s.[3][4] The causes of the recession largely originated in the United States, particularly related to the real-estate market, though choices made by other nations contributed as well. According to the U.S. National Bureau of Economic Research (the official arbiter of U.S. recessions) the recession, as experienced in that country, began in December 2007 and ended in June 2009, thus extending over 19 months.[5] The Great Recession was related to the financial crisis of 2007–08 and U.S. subprime mortgage crisis of 2007–09. The Great Recession resulted in the scarcity of valuable assets in the market economy and the collapse of the financial sector in the world economy"

    en.wikipedia.org/wiki/Great_Recession