Dow Jones Cashed in Today

[Spherical Cow]

Originally Posted by xilman

Looking ever more like a seismograph trace of a fairly big event.

And most big events have aftershocks....Hang on.

[Dr Sardonicus]

Originally Posted by Uncwilly

Updated:

Thanks for the update, Uncwilly! Good illustration of what is called "volatility." In the wake of the Admin announcing it will urge Congress to create a trillion dollars out of thin air, and hand it out to all and sundry, the DJIA rose over a thousand points today.

03/09/20 close 23,851.02 -2,013.76 (-7.79%)

03/10/20 close 25,018.16 +1,167.14 (+4.89%)

03/11/20 close 23,553.22 -1,464.94 (-5.86%)

03/12/20 close 21,200.62 -2,352.60 (-9.99%)

03/13/20 close 23,185.62 +1,985.00 (+9.36%)

03/16/20 close 20,188.52 -2,997.10 (-12.93%)

03/17/20 close 21,237.38 +1,048.86 (+5.20%)

[Dr Sardonicus]

Jan 19, 2017 close 19,804.72
Jan 20, 2017 close 19,827.25


03/09/20 close 23,851.02 -2,013.76 (-7.79%)

03/10/20 close 25,018.16 +1,167.14 (+4.89%)

03/11/20 close 23,553.22 -1,464.94 (-5.86%)

03/12/20 close 21,200.62 -2,352.60 (-9.99%)

03/13/20 close 23,185.62 +1,985.00 (+9.36%)

03/16/20 close 20,188.52 -2,997.10 (-12.93%)

03/17/20 close 21,237.38 +1,048.86 (+5.20%)

03/18/20 close 19,898.92 -1,338.46 (-6.30%)

[Dr Sardonicus]

A day of relative calm:

03/19/20 close 20,087.19 +188.27 (+0.95%)

[ewmayer]

I enjoyed watching yesterday's oh-so-predictable last-few-minutes ramp-into-the-close job. They didn’t manage to push the DJIA back above 20,000, but down a ‘mere’ 1300 points (6%) still looks much better than the -2,300 intraday low. Today, with the ECB announcing a huge financial-sector-aiding "bazooka" and the US senate staying in session to ram through a $Trillion-dollar stimulus bill (which at least is heavily weighted toward direct payments to hoi polloi, over the objections and "means testing" proposals by - get this - the Dems, echoing the "Dems have moved so far right they're now being outflanked on the left by the Rs" post I made a couple days ago in the Soap Box 'Electile Dysfunction' thread) they squeaked it back above 20,000. But none of these short-term index manipulations will be able to stave off what’s coming.

[Dr Sardonicus]

Originally Posted by ewmayer

But none of these short-term index manipulations will be able to stave off what’s coming.

What do you mean by "what's coming?"

[ewmayer]

Originally Posted by Dr Sardonicus

What do you mean by "what's coming?"

A Great-Depression-level plunge in US and global GDP, that's what's coming.

[Dr Sardonicus]

Originally Posted by ewmayer

A Great-Depression-level plunge in US and global GDP, that's what's coming.

In which case, how bad it would be would depend on its duration. Any predictions?

[R.D. Silverman]

Originally Posted by Dr Sardonicus

In which case, how bad it would be would depend on its duration. Any predictions?

Rocky III:

Reporter: Any predictions for the fight?

Mr.T : PAIN.

[Dr Sardonicus]

Originally Posted by R.D. Silverman

Rocky III:

Reporter: Any predictions for the fight?

Mr.T : PAIN.

I failed to imagine that anyone would not understand I had in mind something rather less trivial and more specific: a prediction as to the duration of the "Great-Depression-level plunge in US and global GDP."

In one of Anatole France's tales, the entire history of humanity is summarized as "They were born, they suffered, they died!"

[xilman]

Originally Posted by R.D. Silverman

Rocky III:

Reporter: Any predictions for the fight?

Mr.T : PAIN.

In the long run everyone is dead.