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  • #16
    Originally posted by carpedm9587 View Post
    Don't get too excited. The DOW (which is a really bad index) is bouncing around in a 930+ point range. The Wilshire (much better index) is jumping around in a 700+ point range. Who knows where the roulette ball will land today.
    I usually use the S&P to get a good overall market average. And I have a few S&P based ETFs: IVV, IWR, IWN

    Comment


    • #17
      Originally posted by Sparko View Post
      I usually use the S&P to get a good overall market average. And I have a few S&P based ETFs: IVV, IWR, IWN
      S&Ps trading range today is about 90, which is proportional to the others (i.e., the S&P Index has about 1/10 the value of the Wilshire and it is trading in a window that is about 1/10 the size of the other two).

      We're in volatile land for a while. Hopefully it will settle down, but we also had a major change at the top of the fed which, interestingly, happened at about the same time the volatility started. Maybe we'll be volatile until he proves his bonafides...?
      The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King

      I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas

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      • #18
        Originally posted by Sparko View Post
        Insider TRADING!!!! I am gonna report you!!!
        Almost seems like it!
        The first to state his case seems right until another comes and cross-examines him.

        Comment


        • #19
          Looks like it closed +567 today

          I'm always still in trouble again

          "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
          "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
          "Of course, human life begins at fertilization that’s not the argument." --Tassman

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          • #20
            Originally posted by rogue06 View Post
            Looks like it closed +567 today
            Yeah - but I don't follow the DOW. It's a pretty lame index. The NASQAQ is up 148.36 (2.13%), The S&P 500 is up 46.20 (1.74%), and the Wilshire 5000 (my favorite) is up 440.03 (1.60%).

            Doesn't erase the correction, and is certainly part of the ongoing volatility. The Wilshire bounced around in a 1082 point window over the course of the day.

            Let's see what tomorrow and the rest of the week bring.
            The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King

            I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas

            Comment


            • #21
              Originally posted by carpedm9587 View Post
              Yeah - but I don't follow the DOW. It's a pretty lame index. The NASQAQ is up 148.36 (2.13%), The S&P 500 is up 46.20 (1.74%), and the Wilshire 5000 (my favorite) is up 440.03 (1.60%).

              Doesn't erase the correction, and is certainly part of the ongoing volatility. The Wilshire bounced around in a 1082 point window over the course of the day.

              Let's see what tomorrow and the rest of the week bring.
              Looks like your Wilshire 5000 is pretty close to the S&P 500.

              Chart:
              Blue: Wilshire 5000,
              Red: DOW
              Gold:S&P 500

              stock.jpg

              Comment


              • #22
                Originally posted by Sparko View Post
                Looks like your Wilshire 5000 is pretty close to the S&P 500.

                Chart:
                Blue: Wilshire 5000,
                Red: DOW
                Gold:S&P 500

                [ATTACH=CONFIG]26400[/ATTACH]
                Yeah - the law of large numbers at work. The DOW aggregates about 30 stocks. The S&P aggregates 500. Wilshire aggregates (wait for it)... about 3750 (turns out there aren't enough stocks left for them to aggregate 5000, given the heavy spate of M&As in the past decade). Usually, you see alignment tighten as much as it's going to between 1,000 and 1,500 - which is why most surveys/polls target these numbers, and those that target a smaller pool have a larger margin of error.

                I would have expected the S&P to be closer to the Wilshire than the DOW - but the distinction may be a function of what stock groups are present in the index.
                The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King

                I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas

                Comment


                • #23
                  Originally posted by carpedm9587 View Post
                  Yeah - the law of large numbers at work. The DOW aggregates about 30 stocks. The S&P aggregates 500. Wilshire aggregates (wait for it)... about 3750 (turns out there aren't enough stocks left for them to aggregate 5000, given the heavy spate of M&As in the past decade). Usually, you see alignment tighten as much as it's going to between 1,000 and 1,500 - which is why most surveys/polls target these numbers, and those that target a smaller pool have a larger margin of error.

                  I would have expected the S&P to be closer to the Wilshire than the DOW - but the distinction may be a function of what stock groups are present in the index.
                  For most of my investing (long term) I usually stick to index funds like the S&P 500 or Russel 2000, and I have a few bonds and a few company stocks (like Apple and Johnson & Johnson) - I seem to do pretty good. I am not an expert on the stock market. I made the mistake of trying to do "day trading" once and pretty much lost my test pool. Predicting stock rises and falls is beyond me, so I try to just go in it for the long haul.

                  Comment


                  • #24
                    Originally posted by Sparko View Post
                    For most of my investing (long term) I usually stick to index funds like the S&P 500 or Russel 2000, and I have a few bonds and a few company stocks (like Apple and Johnson & Johnson) - I seem to do pretty good. I am not an expert on the stock market. I made the mistake of trying to do "day trading" once and pretty much lost my test pool. Predicting stock rises and falls is beyond me, so I try to just go in it for the long haul.
                    Yeah me too - though I have steered away from individual stocks as well as bonds. I do mutual funds and ETFs almost exclusively. Historically, I've had a strong emphasis on growth funds/ETFs (about 80/20) and that served me well in the run up of the last 8 years. I'm now beginning the shift to more of a balance (50/50) and will eventually shift to 20/80 as I prepare to retire. Looking at the history, bluechips with dividends seem to pay on those dividends independent of the stock value, and that has been true pretty much for the last century (for the oldest of those). It provides for a stronger income than bonds, and that income is pretty much independent of stock market ebbs and flows. Indeed, if you look at the dividends paid out by bluechip companies, and their growth over the years, the graph makes it look like the last two bear markets (2001, 2008/9) never happened.
                    The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King

                    I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas

                    Comment


                    • #25
                      I have done incredibly well in this last few weeks, with the couple of trades I executed -- I'm going to stop now.
                      The first to state his case seems right until another comes and cross-examines him.

                      Comment


                      • #26
                        Some more stock market plunges today, with the Dow down another 1000 points.

                        I see Sean Hannity's been turning the double-speak up to 11: Trump's been responsible for all the increases under him, but Obama is responsible for this latest downturn. Gotta love the conservative double-speak. The Trump Slump is all Obama's fault!
                        Last edited by Starlight; 02-08-2018, 09:12 PM.
                        "I hate him passionately", he's "a demonic force" - Tucker Carlson, in private, on Donald Trump
                        "Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic socialism" - George Orwell
                        "[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy" - Albert Einstein

                        Comment


                        • #27
                          Originally posted by Starlight View Post
                          Some more stock market plunges today, with the Dow down another 1000 points.

                          I see Sean Hannity's been turning the double-speak up to 11: Trump's been responsible for all the increases under him, but Obama is responsible for this latest downturn. Gotta love the conservative double-speak. The Trump Slump is all Obama's fault!
                          Meanwhile, it's like I'm PERSONALLY driving the market!
                          The first to state his case seems right until another comes and cross-examines him.

                          Comment


                          • #28
                            Originally posted by Starlight View Post
                            Some more stock market plunges today, with the Dow down another 1000 points.

                            I see Sean Hannity's been turning the double-speak up to 11: Trump's been responsible for all the increases under him, but Obama is responsible for this latest downturn. Gotta love the conservative double-speak. The Trump Slump is all Obama's fault!
                            Are you serious? Hannity is blaming the current slump on Obama? Exactly how does that rationalization work?
                            The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King

                            I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas

                            Comment


                            • #29
                              Originally posted by carpedm9587 View Post
                              Are you serious? Hannity is blaming the current slump on Obama? Exactly how does that rationalization work?
                              The right is little if any better than the left in far too many cases. I do not know anything about this claim, but true or false it is to be expected.
                              Micah 6:8 He has told you, O man, what is good; and what does the LORD require of you but to do justice, and to love kindness, and to walk humbly with your God?

                              Comment


                              • #30
                                Originally posted by carpedm9587 View Post
                                Are you serious? Hannity is blaming the current slump on Obama? Exactly how does that rationalization work?
                                It doesn't have to work rationally, they know their audience.

                                Comment

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