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Does the Dow finish the year above or below 30k?
Posted on 10/27/23 at 12:47 pm
Posted on 10/27/23 at 12:47 pm
Discuss.
20
Posted on 10/27/23 at 2:38 pm to SloaneRanger
Above, but I will not discuss.
Posted on 10/27/23 at 3:14 pm to SloaneRanger
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.
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 10/27/23 at 3:15 pm
Posted on 10/27/23 at 4:52 pm to SloaneRanger
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.
Posted on 10/27/23 at 5:12 pm to BourbonDad
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.
Posted on 10/27/23 at 6:10 pm to SloaneRanger
Paging Ancienttiger
Posted on 10/27/23 at 6:32 pm to SloaneRanger
quote:Above.
Does the Dow finish the year above or below 30k?
Downside risks are significant. Probably won't drop the DJIA 7.5% in two months though.
Posted on 10/27/23 at 6:56 pm to BourbonDad
quote: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.
I have zero clue what the Dow is at now.
Posted on 10/27/23 at 9:35 pm to NC_Tigah
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.
Posted on 10/28/23 at 8:56 am to BourbonDad
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.
Posted on 10/28/23 at 9:57 am to SloaneRanger
Discuss…Dow is a meaningless index that is so dated it’s embarrassing it still gets referenced at all.
Posted on 10/28/23 at 2:09 pm to lynxcat
But cnbc and npr said the Dow was down?
Posted on 10/28/23 at 6:20 pm to lynxcat
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.
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.
Posted on 10/29/23 at 2:51 am to SloaneRanger
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.
Posted on 10/29/23 at 7:15 pm to SloaneRanger
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.
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.
Posted on 10/29/23 at 9:37 pm to SloaneRanger
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.
If it goes below 30k, it won't be until next year.
Posted on 10/29/23 at 11:32 pm to Bard
quote:Really? If it goes down 6%, that'll be super meaningful?
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.
Posted on 10/30/23 at 9:52 am to BourbonDad
quote: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...
I have zero clue what the Dow is at now. It’s an irrelevant number.
This post was edited on 10/30/23 at 9:55 am
Posted on 10/30/23 at 12:04 pm to LSURussian
If the DOW drops 2800 points in 60 days, something very bad has happened
Posted on 10/30/23 at 1:49 pm to SloaneRanger
That correction better get started soon. DOW is up 550 today.
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