Today, I Am NOT Cheering the Fall of the DOW

Someone explain the significance of the DOW please. :) I'm not schooled in it yet.
 
zach said:
Someone explain the significance of the DOW please. :) I'm not schooled in it yet.
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Dow is just an 'index' that tracks the stock price of the 30 largest US companies. It's value is supposed to reflect the US economy as a whole, but some people claim other indexes are more accurate. The DOW is the most reported and analyzed of all the indexes though.
 
Someone needs to tell Bernanke to SHUT UP. The market has begun to tank ever since he started his blathering on TV.
 
thechitowncubs said:
Its like a handpicked index of large companies with some criteria. It is a good measure of how the big business's are doing.
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Somewhat correct. It more accurate to say that it's a good measure of how investors think big business will be doing in the future, given that investors are either seeking income though dividend payments and/or a growth in share value by assuming the company will be profitable in the future on the basis of publicly available information.
 
Cleaner44 said:
Let it tank. Let this whole phoney system of unsound money collapse into a heap.
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I agree with that and I believe it is inevitable. I'm still not cheering though because it means dangerous and frightening times ahead before new, sound systems are able to fill the void.
 
ShowMeLiberty said:
I haven't been cheering either, but what changed your mind?



Yesterday closed down about 360-something, iirc.
Right now, down 146.95 at 9808.55
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all the rational arguments made in yesterday's thread. specifically that since i am self sufficient, i must make the jump in thought that even if there is a fall of a fraud based monetary system and regulations of which i am severely removed, i must be admonsihing those who didn't figure this out before the system collapsed and my enthusiasm for this economic downturn is actually celebrating grandpa joes inability to understand economics or propaganda and i am directly cheering his demise and ultimately my own (since i'm so tied to the market).
 
Last edited:
Dow322.57-3.24% 9,632.93
nasdaq71.32-3.83% 1,791.64
s&p 50038.12-3.61% 1,018.77
1:54 est
 
ShowMeLiberty said:
I agree with that and I believe it is inevitable. I'm still not cheering though because it means dangerous and frightening times ahead before new, sound systems are able to fill the void.
Click to expand...

This has been my hope as well. Unfortunately, I don't have overwhelming confidence that wonderful new things will arise from the ashes. The jury is out.
 
ShowMeLiberty said:
I haven't been cheering either, but what changed your mind?
Click to expand...

ghengis86 said:
all the rational arguments made in yesterday's thread. specifically that since i am self sufficient, i must make the jump in thought that even if there is a fall of a fraud based monetary system and regulations of which i am severely removed, i must be admonsihing those who didn't figure this out before the system collapsed and my enthusiasm for this economic downturn is actually celebrating grandpa joes inability to understand economics or propaganda and i am directly cheering his demise and ultimately my own (since i'm so tied to the market).
Click to expand...

:cool:

Applause2.gif
 
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