Economy
Related: About this forumSTOCK MARKET WATCH -- Wednesday, 1 December 2021
STOCK MARKET WATCH, Wednesday, 1 December 2021
Previous SMW:
SMW for 30 November 2021
AT THE CLOSING BELL ON 30 November 2021
Dow Jones 34,483.72 -652.22 (1.86%)
S&P 500 4,567.00 -88.27 (1.90%)
Nasdaq 15,537.69 -245.14 (1.55%)
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
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
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
*
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
(43,436 posts)Asset classes have not made much sense relative to one another for about a month. Things that are inversely correlated move together. I'm hedged a bit but suddenly vulnerable in TWTR and not understanding BABA or bonds. Oil is a new shooting star every morning. I'm alarmed at high-profile traders I follow who think nothing of buying tens of thousands of shares of a $1.89 company with book value of -$.89 and 3 cents a share in cash. To me it's the sign of a bubble.
Tansy_Gold
(17,882 posts). . . for a very long time.
It's as if when things exploded back in 2006 or 2008 or whenever it was, all the super-rich people who lost a bunch of money just decided to rig the system all over again so they could get back the money they lost. Of course, they did that by making sure none of the rest of us working stiffs got a dime. Don't raise minimum wage! Starve the unions!
So now the Dow is in the stratosphere, a few billionaires are closing in on trillionaire status, and yeah, it's a bubble. IMHO, of course.