Why do people follow the Dow? What is this, the 1980s?
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"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf -
No, it is 2015. Hope that helps!Originally posted by Moliere View PostGet confident, stupid
-landpokeComment
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What benchmark do you follow, if not the DJIA? I'm Honestly curious. NASDAQ seems too specialized. S & P, maybe?Originally posted by Moliere View PostComment
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I bet that CMBF is thinking it is just a dead cat bounce. Just how high do dead cats bounce anyway?Originally posted by Jeff Lebowski View Post
"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
"Yet I still see wisdom in that which Uncle Ted posts." -creek.
GIVE 'EM HELL, BRIGHAM!Comment
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Moli follows the WTI.Originally posted by chrisrenrut View Post"If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
"Yet I still see wisdom in that which Uncle Ted posts." -creek.
GIVE 'EM HELL, BRIGHAM!Comment
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Originally posted by chrisrenrut View Post"Wuap's "problem" is that he is smart & principled & committed to a moral course of action. His actions are supposed to reflect his ethical code.
The rest of us rarely bother to think about our actions." --SolonComment
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Yeah, weird response by Eddie Jones.Originally posted by chrisrenrut View Post
The Dow Jones Industrial Average, often called "the Dow Jones" or simply "the Dow," is the most closely-watched benchmark of the U.S. stock market. Investors check and discuss it more often than any other indicator of the economy, according to "The New York Times.""There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creeksterComment
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Originally posted by Uncle Ted View Post
but it's CL if you are a trader and more people care about Brent
I follow the S&P. The Dow is fine but it's a weird and antiquated way to determine the Heath of the stock market. The only reason it still gets airtime is because it's bigger in terms of dollars. It sounds more dramatic to have a 619 point rally instead of a 73 point rally. And in that case, the dollar amount of the rally is meaningless. People should be using percentages...but what do I know
"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. UchtdorfComment
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Right, it's most quoted because it has bigger numbers that sound really dramatic. The S&P does a better job on telling the story of the market given that it includes 500 companies instead of 30 blue chippers.Originally posted by Jeff Lebowski View Post"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. UchtdorfComment
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If if makes you feel better, both were up an almost identical amount today.Originally posted by Moliere View Post"There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creeksterComment
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Not weird response by Eddie Jones. Correct response by Eddie Jones.Originally posted by Jeff Lebowski View PostComment
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Haha. You folks and your nitpicking.Originally posted by pelagius View Post
Whether you like the Dow or not, it is still widely used as a barometer. Either way, my statement was never meant to indicate any kind of preference for the Dow. Just mentioning that the market is up today. Couldn't care less which index folks prefer."There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creeksterComment
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Boom! I'm sure Viking would also agree with me!Originally posted by pelagius View Post"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. UchtdorfComment
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Go Obama's economy! Fiscal policies seem to working today!
Fitter. Happier. More Productive.
sigpicComment
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Ok, if you say so. Look, the DJIA is fine but the S&P500 or even broader based market indexes are clearly technically superior metrics. It's not that big of deal given that the daily correlation for the DJIA and the S&P500 usually hover around 0.95. Really, if you want an overall look at the markets you should do something like: SPY, EFA, EEM.Originally posted by Jeff Lebowski View Post
Historical daily return correlation: 1985-2014
Code:ret tick ^DJI ^GSPC tick ret ^DJI 1.000000 0.965008 ^GSPC 0.965008 1.000000Last edited by pelagius; 08-26-2015, 02:53 PM.Comment
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