Dow Nearing 30K. Time For You To Jump Off?
POSTED BY: JEWELSTAITEFAN
UPDATED: Saturday, September 28, 2024 08:52
VIEWED: 9969
PAGE 9 of 12
Dow closed at 33,527 on 5 April.
33,430 on 6 Apr
33,446 on 7 Apr
33,503 on 8 Apr
33,800 on 9 Apr
33,745 on 12 Apr
33,677 on 13 Apr
33,730 on 14 Apr
34,035 on 15 Apr
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Dow closed at 34,200 on 16 April. A new All-time Record High.
S&P 500 closed at 4,185. A new All-time Record High.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Dow closed 19 April at 34,077.
20 Apr at 33,821
21 Apr at 34,137
22 Apr at 33,815
23 Apr at 34,043
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Dow closed April 26 at 33,981.
33,984 on 27 April
33,820 on 28 April
34,060 on 29 April
33,874 on 30 April
34,113 on 3 May
34,133 on 4 May
34,230 on 5 May - a new Record All-Time High.
34,548 on 6 May - a new Record All-Time High.
34,777 on 7 May - a new Record All-Time High.
34,742 on 10 May
34,269 on 11 May
33,587 on 12 May
34,021 on 13 May
34,382 on 14 May
34,327 on 17 May
34,060 on 18 May
33,896 on 19 May
34,084 on 20 May
34,207 on 21 May
34,393 on 24 May
34,312 on 25 May
34,323 on 26 May
34,464 on 27 May
34,529 on 28 May
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Dow closed 1 Jun at 34,575.
34,600 on 2 Jun
34,577 on 3 Jun
34,756 on 4 Jun - 2nd highest close in history.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
I hav a plan!
Buy a bunch uv sharez uv a penny stock tek company thats been wallowing for yirz due to not being able to solv sum sorta teknical problem, then figure it out, sell it to them, maybe for $ & sharez.
Prezumably, the stock will go to the moon and beyond, depending on the importans uv the teknolojy.
A fool proof plan. Wut coud possibly go rong?
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
The real pandemic solution: http://uvpk.net/
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Here are four reasons the West is headed for a ‘very drastic crisis,’ according to a veteran economist
Markets seem to be in cruise-control mode, at least until the Jackson Hole gathering of central bankers at which the Federal Reserve may finally announce it will slow the rate of bond purchases. The S&P 500 SPX, 0.29% ended Tuesday at its second highest closing level on record, after a slight decline ended a seven-session winning run.
Patrick Artus, a senior economics adviser at French bank Natixis and a professor at the Paris School of Economics, isn’t sharing in the joy. In a very blunt memo to clients, Artus says a crisis is “inevitable.”
The total outstanding debt of the U.S., the U.K., the eurozone and Japan relative to gross domestic product has come off the highest levels of the pandemic as economies have reopened but still is at elevated levels. “Borrower solvency cannot be ensured if debt-to-income ratios increase continuously,” he says.
The money supply also is at records. “The money supply cannot be increased continuously relative to income, as soon or later demand for money, which is linked to savings and income, can no longer increase,” said Artus, whose résumé includes stints at the Organization for Economic Cooperation and Development and the Banque de France.
Also zooming higher is wealth, with both stock and housing prices surging. “Rising relative asset prices cannot be extrapolated: If they become too high, the savings of asset buyers will no longer suffice to buy then, leading inevitably to a downward correction in prices,” he says. Finally, he notes a skewing of income distribution against wage earners: “If wage earnings do not receive productivity gains over a long period, demand for goods and services will become too weak to absorb production, which grows rapidly when earnings are invested.”
So how will this unwind? Artus says a correction in income distribution will lead to faster wage growth and higher inflation. That, in turn, will lead to more restrictive monetary policy and higher inflation-adjusted interest rates. The more restrictive monetary policy will then stabilize asset prices and wealth, forcing deleveraging. And that deleveraging will lead to a recession due to the necessary fall in demand among households, companies and governments.
“The stabilization of these variables will lead to a very drastic crisis, due to faster growth in wages and inflation, a restrictive monetary policy, a fall in wealth and asset prices, and a recession caused by a fall in domestic demand,” he concludes.
www.marketwatch.com/story/here-are-four-reasons-the-west-is-headed-for
-a-very-drastic-crisis-according-to-a-veteran-economist-11625655832
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
I hear the markets are dropping.
I haven't kept this thread updated, keeping busy. I should look this up.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
I've been doing a lousy job of keeping up on this thread.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Heh...
I can't blame you. I'm sure it's quite depressing.
--------------------------------------------------
Me: "Remember Covid?"
Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME