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Dow 900 points down

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    The danger about Trump is that his followers/supporters will take anything he does/says as positive action toward all the bad things being being thrown at him.
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    Indeed no problem for the Trump family; they still have jobs and can"steal" as much as they like from the tax payers money.

    Trump has no "feelings" except for himself "money" wise. He'll make sure he gets his "kick back money" from the "wall" contracts as well from the "Trillion Package" under negotiation, (for his business?) and will make sure people don't get to know that he got lots of money out of it. McConnell made sure of that, but Schumer smelled an rat and objects; I hope Schumer sticks to "full disclosure" of who gets "what". The GOP especially Mc Connell are an super corrupt bunch; he's not for nothing the richest guy in Kentucky.

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    The stock market is in limbo; it dropped again 800 points this morning. Lots of capital is lost and it will be difficult for a lot of companies to survive. The longer this goes on, the worse the situation becomes. Trump's "package" of 2 trillion will likely have little effect if because of the losses in the stock market have still not reached an firm "bottom". All this "capital" is lost and difficult to replace, also for the share holders. Things don't look "rosy" at all for this country even "after" the "virus" thing is behind us. In times of "need" we need real leadership, not an person who only thinks about his own wallet or having his face on TV. So people, wake up and don't re-elect this selfish mafia "bully".
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    Actually by the end of the day it was down 974 points. With Trump finally acknowledging that everything he said in the past is bullshit (my words) the stock market is tanking again. Don't know what "happy talk" he will come up with today in his 2-3 hours of dominating the cable news in that time period. I have him turned off now. Can't stand to listen to him. I'll rely on Chris Hayes and Rachel Maddow to give me the gist of it.
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    Today, Trump talked about drug interdiction, what that had to do with the coronavirus I don't know, he appeared like a rambling fool on TV.
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    Dutch and I have been saying for some time that a crash was imminent and unavoidable in the oversold market. I particularly have criticized the DOW fit constantly inflating their number to generate sales. The glaring falsehood of the DOW is in its misleading name. The Dow Jones Industrial Average (DJIA). A regular educated person would interpret that to mean the average price of the selected DOW stocks. Biggest fraud perpetuated. When the DOW was 25000 that number is about 100 times larger than the actual average of the stocks in the DOW portfolio used to generate The Dow Jones Industrial Average (DJIA).
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    Chet -- I don't follow what argument you are making on the Dow Index. As you know the Dow is calculated from 30 stocks as summarized in the link:

    ThoughtCo: Calculations and Stocks on the Dow Jones Industrial Average

    Simple enough. But if you are caught up on the Dow Divisor, this might help:

    CFI: What is the Dow Divisor?

    As of the end of June 2018, the Dow divisor is 0.14748071991788. Seems straight forward and above board to me. Are you interpreting it different than me?

    Which puzzles me about your accusations of "biggest fraud perpetuated"and that a 25,000 number being 100 times larger than the stocks in the Dow portfolio. I just don't follow what point you are making or where you are getting those numbers. More importantly, how exactly are you or anyone trading in stocks being frauded by the way the Dow Index is calculated. It is not a secret, and it is not rocket science.

    What exactly is the fraud?

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    Schmidt, It is as simple as this. The real average of the stocks in the DOW Jones Industrial Average is about $200. To get to 20000 the real average is multiplied by about 100 times. Now the fraud is that the divisor adjusted average may have relative meaning to a limited few enlightened traders but to the average person the DOW is the real average of the DOW portfolio. This has provided a false metric for an expanding market cap inspiring people to invest in an ever growing market. When the DOW rises 1000 points the market cap increases 1%. It is a fact of reality, axiomatic, that every so many years there has to be a market correction, crash. The DOW artificially extends that period by celebrating every 1000 DOW increase as a linear expansion of the market cap. I can solve hyperbolic parabaloid equations in my head but I can find no relevance of the DOW divisor to reality. Can you? I have looked for many years for the explanation of the benefit of the DOW divisor and I can’t find it. I have yet to find even any anecdotal success stories resulting from applying the DOW. It’s a fraud.
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    Schmidt, From your link: “The Dow Jones Industrial Average (DJIA)

    The Dow Jones Industrial Average (DJIA), often referred to merely as the Dow, is a stock market index designed to give an average or basic idea of how 30 of the largest publicly traded companies traded in the market during a typical trading session.”

    Not true. It is how the stocks are doing when divided by 0.14748071991788.

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    Today the real average of the 30 stocks in the DOW portfolio is about $120.
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    Chet who cares about the DOW; I only see it as an rough "trend" but not if I "loose" or "earn" . The only thing what interests me if my selected stocks go up or down. As well in which period they "work" or don't work and if an selected company is viable and has an good product or service as well what was their past record and "curve" and if it gives dividend. For the rest let it "ride" unless something happens in the market like an "virus" and if such company "screws up" etc.
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    For the Filthy rich it's just a game. Sell Marriott and Hilton, Buy Clorox and any maker of needed health products. When you're worth over a billion - playing with 10 million is like tossing pocket change into a wishing well or fountain. It's can I guess what's going to go up or down ? This week I lost 4 million. Last week I made 12 million. Boys and their toys.
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    Dutch Wrote: Chet who cares about the DOW; I only see it as an rough "trend" but not if I "loose" or "earn" . The only thing what interests me if my selected stocks go up or down. As well in which period they "work" or don't work and if an selected company is viable and has an good product or service as well what was their past record and "curve" and if it gives dividend. For the rest let it "ride" unless something happens in the market like an "virus" and if such company "screws up" etc.
    Dutch, What do you mean by who cares about the DOW. You yourself identified it as a rough trend. Apparently that can influence you. That is my entire point. It is an influence that nobody has a clue what it means.