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SloaneRanger
LSU Fan
Upper Hurstville
Member since Jan 2014
7214 posts
 Online 

Does the Dow finish the year above or below 30k?

Discuss.


UpstairsComputer
LSU Fan
Prairieville
Member since Jan 2017
1535 posts

re: Does the Dow finish the year above or below 30k?
Above, but I will not discuss.


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211
masoncj
Auburn Fan
Atlanta
Member since Jun 2023
187 posts

re: Does the Dow finish the year above or below 30k?
I am leaning towards no but who knows I have been wrong in both direction so many times

Really interested to see q4 earnings in early 2024 after Xmas to see if holiday season was a big let down earning wise.
This post was edited on 10/27 at 3:15 pm


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BourbonDad
LSU Fan
Somewhere on the vol surface
Member since Sep 2016
156 posts

re: Does the Dow finish the year above or below 30k?
I trade the markets every day. Make a living from it. I have zero clue what the Dow is at now. It’s an irrelevant number. Nobody in the business cares about it.


Big Scrub TX
LSU Fan
Member since Dec 2013
32881 posts

re: Does the Dow finish the year above or below 30k?
quote:

I trade the markets every day. Make a living from it. I have zero clue what the Dow is at now. It’s an irrelevant number. Nobody in the business cares about it.


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24
sonoma8
LSU Fan
Member since Oct 2006
7647 posts

re: Does the Dow finish the year above or below 30k?
Paging Ancienttiger


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61
NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
122899 posts

re: Does the Dow finish the year above or below 30k?
quote:

Does the Dow finish the year above or below 30k?
Above.
Downside risks are significant. Probably won't drop the DJIA 7.5% in two months though.


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22
NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
122899 posts

re: Does the Dow finish the year above or below 30k?
quote:

I have zero clue what the Dow is at now.
That's interesting. I'm especially aware of market indices (gen & sector) in swing trades. Smaller deltas, and I'm less likely to pull the trigger.


BourbonDad
LSU Fan
Somewhere on the vol surface
Member since Sep 2016
156 posts

re: Does the Dow finish the year above or below 30k?
I know what SPX is at and know is like the back of my hand. Same for ES NQ SPY, but I don’t think I’ve ever looked at Dow but maybe once in 4 years? 7 stocks are moving the whole market right now. Watch those plus volatility and treasuries and you have all you need to know.


UpstairsComputer
LSU Fan
Prairieville
Member since Jan 2017
1535 posts

re: Does the Dow finish the year above or below 30k?
I had to look it up too. To get under 30k it would have to basically take out last October low. Or might as well if it gets all the way down there.


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20
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USA
Member since 2001
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lynxcat
Rutgers Fan
Member since Jan 2008
24022 posts

re: Does the Dow finish the year above or below 30k?
Discuss…Dow is a meaningless index that is so dated it’s embarrassing it still gets referenced at all.


UpstairsComputer
LSU Fan
Prairieville
Member since Jan 2017
1535 posts

re: Does the Dow finish the year above or below 30k?
But cnbc and npr said the Dow was down?


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21
Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
4000 posts
 Online 

re: Does the Dow finish the year above or below 30k?
It’s something that every man on the street (who probably doesn’t know what SPX or NDX means) can relate to. So I guess it gives that broader audience something to reference… and gets those eyeballs to watch (ratings).

Is it useful for active traders or even passive investors? Certainly not very useful for active traders. And I don’t know that it would tell a passive investor much either.


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40
Catchfalaya
LSU Fan
Member since Feb 2018
1912 posts

re: Does the Dow finish the year above or below 30k?
All depends on what happens in the ME. If Biden/Netanyahu can contain the fallout from the Hamas attacks then markets should not factor it in. If shite goes sideways, and all out war ensues then the Dow tumbles. Because Arab nations would most certainly start banning global crude to western nations.


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01
CFDoc
LSU Fan
Member since Jan 2013
2077 posts

re: Does the Dow finish the year above or below 30k?
The S&P just death crossed.

Didn’t look at DOW but I would think it’s gotta be on a similar trajectory.

Not sure if there’s enough time to bottom out and golden cross before January 1.


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03
Bard
LSU Fan
Definitely NOT an admin
Member since Oct 2008
50771 posts

re: Does the Dow finish the year above or below 30k?
The Dow is currently at 32k. If it drops below 30k by the end of this year, there will be far bigger things to worry about than the Dow.

If it goes below 30k, it won't be until next year.


Big Scrub TX
LSU Fan
Member since Dec 2013
32881 posts

re: Does the Dow finish the year above or below 30k?
quote:

The Dow is currently at 32k. If it drops below 30k by the end of this year, there will be far bigger things to worry about than the Dow.
Really? If it goes down 6%, that'll be super meaningful?


LSURussian
LSU Fan
Member since Feb 2005
126454 posts
 Online 

re: Does the Dow finish the year above or below 30k?
quote:

I have zero clue what the Dow is at now. It’s an irrelevant number.
I always get a chuckle out of someone taking their time and caring enough to post in a thread just to tell everyone how irrelevant the thread is and how little they care about it...
This post was edited on 10/30 at 9:55 am


dallastiger55
LSU Fan
Jennings, LA
Member since Jan 2010
27349 posts

re: Does the Dow finish the year above or below 30k?
If the DOW drops 2800 points in 60 days, something very bad has happened


notiger1997
Metairie
Member since May 2009
57797 posts

re: Does the Dow finish the year above or below 30k?
That correction better get started soon. DOW is up 550 today.


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