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Dow
Comments
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Plop!
Dow Jones Industrial Average (DJIA 9,974, -69.30, -0.69%) closed off 69.3 points, or 0.7%, to 9,974.45, the first time the benchmark index closed below 10,000 since early February. It had risen as much as 135 points during the day."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
Plop!
Dow Jones Industrial Average (DJIA 9,974, -69.30, -0.69%) closed off 69.3 points, or 0.7%, to 9,974.45, the first time the benchmark index closed below 10,000 since early February. It had risen as much as 135 points during the day.
The reverse of yesterday, seems to be related to falling euro for some reason.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
DOW on form today, following the european markets.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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Its incredibly positive today. Strongest currency of the day is Hungarian, apparently alot of optimism is out there. Some good Euro data helped
I was looking for a top sometime today but closing this high for the week will confirm I was wrong which is fine by me.
Quite often we get these rushes higher only for it to fail afterwards which is irritating and ultimately destructive, ie. it means we go much lower0 -
Another beat up day for usa, stocks ended on their lows. Drop is in line with August decline in general and july low likely to be retested
35% of usa stocks above their 200 day average. A very battered bull market if it it that, quite comparable to 2008
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However I still disagree with the idea of deflation. usa does not have the 'problem' of too much production capacity on average, nor the uk when we both import alot of our goods.
uk imports oil, usa imports oil, india who is twice both our combined sizes imports oil and their inflation is 10% with an increasingly stronger currency to purchase it with0 -
A sparkling day for world markets, reacting to good data from China and The US.
http://uk.finance.yahoo.com/news/stocks-oil-surge-after-strong-manufacturing-data-reuters_molt-4911ace2bc64.html?x=0NEW YORK (Reuters) - A manufacturing rebound in China and stronger-than-expected U.S. factory data spurred a jump in equity and commodity prices worldwide on Wednesday, helping start the month on a bright note after a gloomy August.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
It's been a while since you last posted on this thread though Stevie. I'm happy with the rise as well, but honestly don't think the markets have a clue - up or down. It all seems to be verging on hysteria.A sparkling day for world markets, reacting to good data from China and The US.
http://uk.finance.yahoo.com/news/stocks-oil-surge-after-strong-manufacturing-data-reuters_molt-4911ace2bc64.html?x=00 -
If this rise holds it'll break the recent falls. 1090 for the SP500 is a big hurdle to take on and usa jobs data is this week, todays figures, ADP Non-Farm Employment Change were a bit worse then expected
You aint seen nothing yet. It could be alot more volatile then this if it did not holdIn other data out today, the US ADP's employment change report surprised the market with news that private-sector employment dropped by 10,000 jobs in August. The decrease is the first in six months and in opposition to the gain of 17,000 jobs that economists had predicted. Official monthly nonfarm payrolls will be released Friday.
http://www.morningstar.co.uk/uk/news/article.aspx?lang=en-GB&articleid=91556&categoryid=5210 -
sabretoothtigger wrote: »If this rise holds it'll break the recent falls. 1090 for the SP500 is a big hurdle to take on and usa jobs data is this week, todays figures, ADP Non-Farm Employment Change were a bit worse then expected
And 1044 is like a trampoline spring
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
True yea, people were saying it would fail. It can always go either way0
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