Fake News Media,
Posted on 12/27/2018 12:44:05 PM PST by abb
The Dow Jones Industrial Average traded higher on Thursday, erasing steep losses a day after posting a historic surge.
The 30-stock index traded 31 points higher after plunging 611 points earlier in the day. The S&P 500 held just above the flatline after sliding more than 2 percent. The Nasdaq Composite traded 0.2 percent lower after dropping more than 3 percent.
Earlier in the day, stocks fell amid renewed tensions between China and the United States.
(Excerpt) Read more at cnbc.com ...
DJIA - 23136.47 +258.13 1.13%
S&P 500 - 2488.56 +20.86 0.85%
Nasdaq - 6579.49 +28.65 0.44%
Dec 27 ‘18,4:04 PMEST
Fortunately, Trump keeps charging ahead.
Dow + 255.30.
I get the feeling there are are a lot of millionaires making bank using computerized trading.
The Market Makers are having a field day profiting from weak hands.
I have to stop watching the Market’s everyday. These wild gyrations are like trying to ride a bull.
Yep, one less thing they can impeach Trump for...
I can't figure out why there are still people on the floor of the NYSE. They must fill some sort of market analysis role for their firms.
WWJeromeD?
> This is the type of trading range that will drive people to start consuming way too many antiacids and analgesic pain killers. <
A wise old fund investor once told me this: If you’re properly diversified - and are only taking on risk that’s suitable for your age - you need only check fund prices twice a year.
But that didn’t sink in. Because I checked twice in just the past hour.
I don’t have any investments in any of these:
-The Dow 30-
3M
American Express
Apple
Boeing
Caterpillar
Chevron
Cisco
Coca-Cola
Dow DuPont Inc.
Exxon Mobil
Goldman Sachs
Home Depot
IBM
Intel
Johnson & Johnson
JPMorgan Chase
McDonald’s
Merck
Microsoft
Nike
Pfizer
Procter & Gamble
Travelers Companies Inc.
United Health
United Technologies
Verizon
Visa
Walgreens Boots Alliance
Walmart
Walt Disney
If you have any mutual funds, likely those companies are included therein.
HFT (High Frequency Trading) algos having a case of indecision and apprehension; makes for a roller-coaster ride.
Has anyone looked for signs of a flash-crash, or was the earlier 600 pt drop more gradual?
Frankly, I wish I had taken the tour before I left NYC.
Here's what was said at your link...
In the past, floor traders, market makers and floor brokers in the pit constituted a majority of the market action. Now most trades have moved to computers and market makers and floor traders are a rarer sight. Brokers still trade in the pit, but the numbers are a fraction of what they were at the peak of pit trading. Some argue that computer systems can fail, so humans are needed to trade in the pit in case of a system malfunction, but this is not a strong argument, since if the electronic systems failed, trading would simply halt until the system restored itself. There is no real need for floor traders anymore, so they are likely to disappear within the next decade.
You folks need to get real.....it’s Democrat rich low life like Soros & Company, that have destroyed the markets trying to kill off Trump. The Dummies do not realize that the vast majority of the “real” American people could care less, as to what the stock market does.
If you need proof folks just jog around some shopping centers and you will see where the American consumer action & interest really is!!! These Democrat buffoons only screwed themselves!!!
Trump...not a scratch on him!!!
Nope.
My best for the year are OHI and MPW.
(I wish all my selections were that good)
I don’t plan to sell any chickens.
I just plan to eat the eggs.
That's precisely what Mrs. abb and I have done since our retirement.
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