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12-24-2018, 12:06 PM
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#31
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Registered User
Join Date: Mar 2013
Posts: 5,414
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Quote:
Originally Posted by biggestal99
The russell is down below when Trump took office.
Allan
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i don’t know anything about russeling
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12-24-2018, 12:12 PM
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#32
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gelding
Join Date: Oct 2008
Posts: 8,883
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Quote:
Originally Posted by Saratoga_Mike
Are you questioning a Stable Genius hire? Stable Genius only hires the BEST.
In all seriousness, who is fired next - Mnuchin (empty suit - I don't care about his "storied" Wall St career) or Powell?
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12-24-2018, 12:31 PM
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#33
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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The Dow, although heavily quoted ,is not that good an indicator of the overall market.It only has 30 stocks, there are no representation from utility and transportation stocks (covered by 2 separate indexes) and it's based only on price, not it's market capitalization.Thus high priced stocks have a outsized influence on the average, in the same way putting the salary of a billionaire would distort the average earnings of 29 middle and upper middle class workers.The S & P 500 is broader based,contains several companies from each economic sector as opposed to 1 or 2 for the Dow and takes market size into account when calculating the average.The S & P is down 9.6% in 2018, the Dow 11% (10.99 to be exact).
__________________
"But don't ask me what I think of you, I might not give the answer that you want me to. "
Fleetwood Mac, Oh Well, Part 1 (1969)
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12-24-2018, 12:36 PM
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#34
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Registered User
Join Date: Feb 2014
Posts: 4,520
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Quote:
Originally Posted by Actor
The OP was about futures. You can buy or sell futures today. It does not take effect until the date of the contract, they you are obligated to perform according to the contract, assuming you have not sold the contract.
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Very few contracts are actually executed. Almost all are terminated prior to expiration date.
If you were buying Calls today well I hope you are a trust baby with unlimited wealth.
Allan
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12-24-2018, 12:37 PM
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#35
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Registered User
Join Date: Feb 2014
Posts: 4,520
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Quote:
Originally Posted by chadk66
i don’t know anything about russeling
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Tell it to the hanging judge.
Allan
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12-24-2018, 12:46 PM
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#36
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Registered User
Join Date: May 2011
Posts: 22,629
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Quote:
Originally Posted by biggestal99
Very few contracts are actually executed. Almost all are terminated prior to expiration date.
If you were buying Calls today well I hope you are a trust baby with unlimited wealth.
Allan
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buying calls limits loss to purchase price, would be bad if selling puts.
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12-24-2018, 01:14 PM
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#37
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Quote:
Originally Posted by FantasticDan
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Quote:
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Reminder that Steve Mnuchin is one of few people to profit massively off the Madoff Ponzi scheme.
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I'm not so sure about this. Reference the link in the first post of this thread:
Madoff’s Victims Are Close to Getting Their $19 Billion Back
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12-24-2018, 01:23 PM
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#38
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Beat up 💪
Join Date: Jun 2002
Location: Beach life in Fort Lauderdale
Posts: 11,938
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Quote:
Originally Posted by barahona44
The S & P 500 is broader based,contains several companies from each economic sector as opposed to 1 or 2 for the Dow and takes market size into account when calculating the average.The S & P is down 9.6% in 2018, the Dow 11% (10.99 to be exact).
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Another problem that is less spoken about is the Wilshire 5000, which currently only holds 3486 stocks. We're in the GAAF economy whereby most of the wealth is highly concentrated.
Google
Apple
Amazon
Facebook
At one time the Wilshire 5000 had over 6300 components, now it can't barely find 3500 to index.
If you add Microsoft and Netflix to the above then those 7 companies hold more wealth than the entire hong kong stock exchange, and more than the 100 largest UK companies combined.
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12-24-2018, 01:41 PM
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#39
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,533
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Wait...the DOW dropping 700 points is actually still newsworthy?
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12-24-2018, 01:42 PM
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#40
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Veteran
Join Date: Mar 2009
Posts: 9,893
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FDan (retweet/post) -- "They will crash the economy to make money off it." Please don't retweet idiotic comments.
The Stable Genius wants a roaring economy and stock market. He isn't "intentionally" crashing anything, nor is his Treasury Sec. Don't confuse incompetence for malevolence.
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12-24-2018, 01:48 PM
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#41
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by PaceAdvantage
Wait...the DOW dropping 700 points is actually still newsworthy?
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Good thing it was an abbreviated session....
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12-24-2018, 01:53 PM
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#42
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by Saratoga_Mike
FDan (retweet/post) -- "They will crash the economy to make money off it." Please don't retweet idiotic comments.
The Stable Genius wants a roaring economy and stock market. He isn't "intentionally" crashing anything, nor is his Treasury Sec. Don't confuse incompetence for malevolence.
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Pssssh! Incompetent? C'mon man! Trust the process! Trust the prowess!
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12-24-2018, 02:21 PM
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#43
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Registered User
Join Date: Jul 2002
Location: America
Posts: 6,955
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Not good for one's 401K .
Trump buys into the stock market raise as he states its because of him, just like he said he'll take the blame for the shutdown due to the wall.
As soon as the s*** hits the fan, he turns and runs blaming others, just like he ran from serving in Vietnam.
Guys a bully, a coward, a narcissist, not to mention much, much worse.
As Greenspan said "run for cover!"
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12-24-2018, 02:57 PM
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#44
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Registered User
Join Date: May 2014
Location: st louis
Posts: 2,981
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Quote:
Originally Posted by Secretariat
Trump buys into the stock market raise as he states its because of him, just like he said he'll take the blame for the shutdown due to the wall.
As soon as the s*** hits the fan, he turns and runs blaming others, just like he ran from serving in Vietnam.
Guys a bully, a coward, a narcissist, not to mention much, much worse.
As Greenspan said "run for cover!"
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He got me my middle class tax cut, that is more than Obama did for me in eight years.
__________________
You will never achieve 100% if 99% is okay!
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12-24-2018, 03:35 PM
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#45
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Registered User
Join Date: Mar 2013
Posts: 5,414
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Quote:
Originally Posted by biggestal99
Tell it to the hanging judge.
Allan
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