Economy
Related: About this forumSTOCK MARKET WATCH -- Monday, 23 October 2023
STOCK MARKET WATCH, Monday, 23 October 2023
Previous SMW:
SMW for 20 October 2023
AT THE CLOSING BELL ON 20 October 2023
Dow Jones 33,127.28 -286.89 (0.86%)
S&P 500 4,224.16 -53.84 (1.26%)
Nasdaq 12,983.81 -202.37 (1.53%)
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Market Conditions During Trading Hours:
Google Finance
MarketWatch
Bloomberg
Stocktwits
(click on links for latest updates)
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Currencies:
Gold & Silver:
Petroleum:
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
DU Economics Group Contributor Megathreads:
Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Quote for the Day:
Most Americans believe they know what communism is, largely because it is an ideology based on a body of texts and revolving around specific ideas. In contrast, hardly anyone can explain what comprises fascism, mainly because all we really know about it is the regimes that arose under its banner. There are no extant texts, only a litany of dictatorships and atrocities. When we think of fascism, we think of Hitler and perhaps Mussolini, without understanding anything about the conditions that carried them to power.
David Neiwert. The Eliminationists: How Hate Talk Radicalized the American Right. PoliPoint Press. © 2009.
This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.
bucolic_frolic
(43,342 posts)So far tech is holding up or not sliding as much as others, but take a gander at eBay and Uber charts. Value funds are back to where they were 15 months ago. Bonds are in the dumpster. Precious metals flagging except for gold which is nothing to write home about. Crypto supposedly entering the hot time of year. Now look at the Middle East. And China, Alibaba in the dumpster again. Right wingers getting elected here and there. This is the kind of geopolitical environment that I think has potential to last 10-15 years. Think of 1966 to 1982. We think things were fine because of the Bicentennial and the Vietnam War ended, but how about the stagflation?
We are in for it. It's 14 years past 2009 after all. Products are shrinking, crop yields falling worldwide. Not sure what to think or do, but I'm ok having lightened up. Not enough, but still.