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DJIA approaching 28K
msn.com ^ | 9/26/2022 | msn money

Posted on 09/26/2022 10:27:23 AM PDT by Signalman

29,169.31 SEP 26, 01:25 PM EDT ‎-421.10 (‎-1.42%)

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy
KEYWORDS: bideneffect; djia; stockmarket
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To: SaveFerris

The Dow is a meaningless index. S&P 500 is 1000x better or even better, VTI which covers all stocks including mid and small caps in addition to the large caps. The dow not only includes just 30 companies, the way they calculated is not market cap weighted but share price weighted, which is absolutely meaningless.


41 posted on 09/26/2022 10:59:31 AM PDT by rb22982
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To: Deo volente

Waiting to buy some Suncor, but still thinking oil hasn’t quite bottomed yet.


42 posted on 09/26/2022 10:59:43 AM PDT by Sam Gamgee
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To: alexander_busek

If you understand gold you deserve a medal because I don’t think anyone does. The current message is that gold is afraid of an aggressive Federal Reserve.


43 posted on 09/26/2022 11:00:37 AM PDT by Sam Gamgee
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To: PAR35
The plan to eliminate the middle class is progressing nicely. Klaus Schwab can really get things done.

"Americans don't need to own a car. They can take the bus". "Americans don't need to live in gated communites. You need to move to "high density" apartments."

"Save the planet."
44 posted on 09/26/2022 11:00:42 AM PDT by Signalman
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Gas prices are well above 5 bucks in reno, and never got below 4.50


45 posted on 09/26/2022 11:01:57 AM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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To: Signalman

The more expensive “winter blend”.
Refinery fires.
Refineries closed for maintenance.

Record oil company profits.

Pardon my cynicism about all this. The Great Reset will require a lot of misery in order to break our wills. It’s definitely on course.


46 posted on 09/26/2022 11:02:23 AM PDT by Deo volente ("When we see the image of a baby in the womb, we glimpse the majesty of God's creation." Pres. Trump)
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To: SamAdams76

If only I had bought oil stocks when the oil price was negative!


47 posted on 09/26/2022 11:02:40 AM PDT by Sam Gamgee
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To: Signalman

Down over 20% YTD.

Anyone checking their 401Ks ain’t voting Rat.


48 posted on 09/26/2022 11:02:51 AM PDT by nesnah (Infringe - act so as to limit or undermine [something]; encroach on)
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To: rb22982

“I expect the markets to continue to fall until the fed reserve signals its almost done raising rates or at least stops/massively slows QT.”

That pretty much describes how and why the 22 month long bear market reversed course in August 1982.

But there’s differences today that could spoil the hope that Fed easing would have the same effect this time:

“Paul Volker And 1982. Why Now Isn’t Then.”

https://www.advisorperspectives.com/commentaries/2022/08/24/paul-volker-and-1982-why-now-isnt-then


49 posted on 09/26/2022 11:03:04 AM PDT by Pelham (World War III will be fought with nuclear weapons. World War IV will be fought with rocks & sticks.)
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To: Sam Gamgee

” oil price was negative!”

Oil price was never negative.


50 posted on 09/26/2022 11:03:31 AM PDT by TexasGator ( Gator in Florida)
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To: nesnah
Down over 20% YTD. Anyone checking their 401Ks ain’t voting Rat.

Yep, and those checking are between 50 and 70 years old an they tend to vote.

51 posted on 09/26/2022 11:03:55 AM PDT by 1Old Pro
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To: TexasGator

I seem to remember there was one day it hit $-35. Or was that just the futures?


52 posted on 09/26/2022 11:04:04 AM PDT by Sam Gamgee
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To: Signalman

Good and now gas prices need to go up all before November midterms


53 posted on 09/26/2022 11:06:33 AM PDT by italianquaker
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To: EBH
If they are close to retirement...they might be thinking they do not have years to gain it all back.

The problem with that line of thinking is that an average retirement is close to 20 years. Often much longer than that. So they actually do have time to gain it all back (while beating inflation).

I have a MIL who retired at 62 and she's almost 90 today. Her biggest regret was getting out of the stock market and converting her nest egg to an annuity - which today scarcely meets her needs. She is literally running out of money which is a nightmare scenario for an aging retiree with no option of going back to work. Had she stayed in the stock market with what she had back in 1995 (the year she retired), she would easily be a millionaire today.

54 posted on 09/26/2022 11:07:02 AM PDT by SamAdams76 (4,112,487 users on Truth Social)
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To: Signalman

Of course it is

Libtards in charge.


55 posted on 09/26/2022 11:07:54 AM PDT by eyedigress (Trump is my President!)
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To: SamAdams76

So annnuities don’t get adjusted for infltion?


56 posted on 09/26/2022 11:08:04 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: bak3r

Isn’t that the story of why Nixon finally ditched the gold standard? One of the European countries, France I believe, wanted to repatriate their gold. Then the United States was forced to say “Uh oh, um, we don’t have your gold, um, the dog ate it.”


57 posted on 09/26/2022 11:08:22 AM PDT by packagingguy
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To: Sam Gamgee

“I seem to remember there was one day it hit $-35. Or was that just the futures?”

Just futures expiring and traders not able to take delivery.


58 posted on 09/26/2022 11:09:10 AM PDT by TexasGator ( Gator in Florida)
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To: rb22982

Don’t worry.

We have idiot voters who have faith in The Inflation Reduction Act.

Because the rats know they’re too stupid to look beyond the lying name they gave it.

They know how stupid their target audience truly will be; it’s a constant.


59 posted on 09/26/2022 11:10:18 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SamAdams76

At least if they hold tight, they will be in position to ride it back up, even if it’s years later.


After the Crash of ‘29, the Dow didn’t recover to its previous high for 25 years.


60 posted on 09/26/2022 11:11:03 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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