Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 43 of 119
Dow closed today at 24,505. Another gain of 1% for the day. This is 8% off the Record All-Time High.
Tomorrow morning the Jobs Report is released. Who thinks it will be good, who thinks bad?
I keep hearing the foodstamp population has been drastically reduced from Obama's bloat, but I should look at some numbers.
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Dow closed today at 23,930. A loss of 2.34% for the day. It hasn't traded at a level this low since Wednesday afternoon, 2 days ago.
This is 10.1% off the Record All-Time High. About the same place as the end of last week.
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Dow closed Thursday at 24,483. About the same place it did 7 days ago.
Every day this week the Market has gained or dropped at least 1%, or both.
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Dow closed today at 24,573. Gain of almost 1% at close, but had gained 1% in afternoon trading.
This is 7.7% off the Record All-Time High.
This is the highest close since 21 March, just before the Facebook disclosure that Obama aided and abetted the data thefts.
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Dow closed at 24,786 today. Another gain of almost 1%, after going over 1% during the session.
This is the highest close since 16 March, before the Facebook drop.
This is 6.9% off the Record All-Time High.
If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.
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Quote:
Originally posted by JEWELSTAITEFAN:
If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.
You don't just buy DOW. Your standing today compared to March 23rd could vary wildly from the 5.3% number based off of what you actually bought.
That's not to mention how much it costs you to buy into something (or multiplied by many somethings), and then the transaction costs to sell something (or multiplied by many somethings).
These transaction costs can eat heavily into any profits, which might make you choose to stay where you're at instead of cashing out ahead right now.
Who knows? Maybe two months from now you're up another 10% if you just hold it. Maybe you're down another 10%.
You never know the outcome of gambling until you cash out your chips.
Do Right, Be Right. :)
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Quote:Without getting too complicated, I was referring to an index Fund mirroring DJIA.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:
If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.
You don't just buy DOW. Your standing today compared to March 23rd could vary wildly from the 5.3% number based off of what you actually bought.
That's not to mention how much it costs you to buy into something (or multiplied by many somethings), and then the transaction costs to sell something (or multiplied by many somethings).
These transaction costs can eat heavily into any profits, which might make you choose to stay where you're at instead of cashing out ahead right now.
Who knows? Maybe two months from now you're up another 10% if you just hold it. Maybe you're down another 10%.
No need to pay a pile of fees, just use a No-Load Fund.
I did not suggest cashing out now, while the Market is rising. Otherwise, you may as well have gotten out at 20K, like Jump Out JO said at the beginning of this thread.
Up 10% would be a new Record All-Time High.
Down 10% would be welcome news to many, and would be a dramatic development regardless of your outlook - but would still portend fantastic income opportunity.
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Income off the back of the American worker.
Do Right, Be Right. :)
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Today Dow drops more than 1%, closing at 24,024. This is 9.7% off the Record All-Time High.
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Quote:
Originally posted by JEWELSTAITEFAN:Quote:Without getting too complicated, I was referring to an index Fund mirroring DJIA.
Originally posted by 6IXSTRINGJACK:Quote:You don't just buy DOW. Your standing today compared to March 23rd could vary wildly from the 5.3% number based off of what you actually bought.
Originally posted by JEWELSTAITEFAN:
If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.
That's not to mention how much it costs you to buy into something (or multiplied by many somethings), and then the transaction costs to sell something (or multiplied by many somethings).
These transaction costs can eat heavily into any profits, which might make you choose to stay where you're at instead of cashing out ahead right now.
Who knows? Maybe two months from now you're up another 10% if you just hold it. Maybe you're down another 10%.
No need to pay a pile of fees, just use a No-Load Fund.
I did not suggest cashing out now, while the Market is rising. Otherwise, you may as well have gotten out at 20K, like Jump Out JO said at the beginning of this thread.
Up 10% would be a new Record All-Time High.
Down 10% would be welcome news to many, and would be a dramatic development regardless of your outlook - but would still portend fantastic income opportunity.
Quote:You did not quote me in your post. But the inference is that you were referring to my final sentence.
Originally posted by 6IXSTRINGJACK:
Income off the back of the American worker.
Do Right, Be Right. :)
If this is correct, then you are incorrect. That income opportunity would be resulting from the losses of panicky investors.
When an investor buys Stock at the highest price, and later sells at a much lower price, this is a loss. When an investor sells that Stock to the losing investor at the high price, and then buys it back from the losing investor at the lower price, this is a gain, or income.
Unless your mantra has changed to define The American Worker as Investors/Traders, your statement was incorrect.
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