Posted on 10/04/2006 10:37:12 AM PDT by MNJohnnie
Dow 11,801.14 73.80
Nasdaq 2,272.05 28.40
S&P 500 1,343.18 9.07
(Excerpt) Read more at marketwatch.com ...
Ping.
RE: Post #32
What the hell are you talking about? What prediction was I wrong on previously? I don't recall ever posting a prediction on FR before. Do you have a chip on your shoulder or what?
You stated originally, "Hang on, this is going to be a wild ride."
If it stays above the record benchmark, great. I don't think it is that big of a deal. It was only a matter of time. The stock market is often emotionally driven. It would not be a stretch to expect the DOW to drop as a result of profit taking and rebound tomorrow. It happens all the time.
I've seen all that, and I've even posted it on threads this past week, I am saying that there is a bunch of places that show the higher number.
One way is taking the highest point of all the components individually during the day, regardless of where other components are trading. So the "high" is not necessarily the highest point that the average hit collectively at the same time.
I'm not sure if that is the reason for the difference in this case or not.
I don't care what David Letterman, or any other snearing snot says about Dubya's down homisms... I love 'em!!!
D. G. you don't have to answer cause I know you're extra busy these days!!!
On Tuesday, the Dow Jones Industrial Average closed at a six-year high as investors warmed to bullish earnings forecasts and better-than-expected economic data. The S&P 500 hit a fresh five-year high. The Dow closed 53 points below its all-time record close of 11,722.98 on January 14, 2000, a session that also marks the Dow's intra-day record peak of 11,908.50.
Financial Times- Sept 27, 2006
FT link
Thank all of you who have put up similarly insipid posts for declaring to the entire world that YOU are far more intelligent than the stupid old white Europeans who kicked this thing off over 2 centuries ago.
And, no, I am HEAVILY invested in this equity market in what I believe to be fairly "bullet-proof" issues -- and have liberal trailing stop-loss orders under all of them.
One can -- indeed MUST -- play the current game if one is to remain above water so long as one knows it'srigged, who's doing the rigging and try to predict when they will pull the pin on the current game.
And as far as having the most prosperous and happy society, study the Romans. They were as we for over 2,000 years before they collapsed. I predict that we will use our modern technology to compress that 2,000 years into 300 or less.
It is a historical FACT that EVERY economy based on funny money ultimately fails.
"By a continuing process of inflation, governments can
confiscate, secretly and unobserved, an important part of the
wealth of their citizens. There is no subtler, no surer means of
overturning the existing basis of society than to debauch the
currency. The process engages all the hidden forces of economic
law on the side of destruction, and does it in a manner which not
one man in a million is able to diagnose."
John Maynard Keynes,
The Economic Consequences of The Peace, 1920
Where will you be when it's game over?
The lucky ones will be in the ground.
(Glad I don't have to deal with your manic personality in real life, though. :)
Way to go day traders!!
11,840 at 3:35. But Mark Foley is Gay!
I just received an e-mail from my investment newsletter which also cites the 11908.50 figure, but I've also seen the 11750.28 number in numerous other publications.
It must be the way it is calculated and I'm assuming both figures are "correct".
Maybe someone else can explain it. This is above my paygrade.
Not sure what you mean MNJ, I am just finding that different sources are showing different Intraday highs. Not sure why the discrepancy. I noticed it last week and then assumed that it was just an error, on further digging there are a number of places with the 11,908.50 number.
Just do a google search on "11,908.50" and there are a bunch of hits.
Maybe that is the explanation, the highest point for the actual Dow to have hit in real-time, as compared with the individual Dow components highs for the day, all weighted to come up with a theoretical Dow high point for the day.
Anyway, I wasn't firing at you, but you seem to enjoy it, so I'll take after you more in the future. :^}
Bingo
I like that spellin' o' yorn: 'murrikin. Ah lahk yer stahl.
GO DUBYA!!
To tell the truth, I enjoyed it so much that it made me want to drive up to Cedar Point and jump on the Mean Streak.... :)
When you start seeing all these goofy threads, have barbers talking about new highs, and hype of all kinds, it's usually a time to be cautious.
The market is ahead of itself in all likelihood. These "milestones" don't mean a freakin thing,,,and never have.
11,849.48!!!!!
Time for suicide watch for the Demagogues - they are going to see their depraved campaign onslaught going up in smoke.
DOW JONES INDUSTRIAL AVERAGE IN (DJI:^DJI) Delayed quote data
Index Value: 11,849.48
Trade Time: 4:02PM ET
Change: Up 122.14 (1.04%)
Prev Close: 11,727.34
Open: 11,722.94
Day's Range: 11707.49 - 11851.25
The wild part is that it's up about 200 points since Tuesday's open. I haven't heard what the talking heads are saying yet - maybe oil's fall in price, maybe good 3rd quarter reports, maybe a good economy. The other wild part will be how the lefties must be frantic trying to spin it to make Bush look bad, or just down play it.
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