Dow Jones Industrial Average (^DJI)

DJI - DJI Real Time Price. Currency in USD

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35,601.96-7.38 (-0.02%)

At close: 4:00PM EDT

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America has gotten exactly what it voted for. The most intelligent/accurate thing obama ever said was, "elections have consequences." Today, we're very clearly and undeniably seeing what he meant.
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"Gas prices are at a 7-year high, with one California town reaching a whopping $7.59 per gallon"
I live there.. its true. And dont get me started on house prices.
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Looks like the solution to all problem is just print more and money so everyone gets free check and stock goes higher and higher. Should I win the Noble Prize for this theory?
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NASDAQ Composite (^IXIC) adds $1 Trillion Out of thin Air in a single week, DESPITE ABSURD OVERVALUATION, So Much Terrible News, Collapsing Economy, Tanking Corporate Revenues and earnings (TSLA IBM ), intense competition for $1 revenue, Skyrocketing Inflation, Political Polarization, Global Pandemic, Astronomical Debt Levels, Record high Bankruptcies and Financials Fiascos.
It is used to take 70-80 year to add $1 Trillion to the index, with the best economy. Now PUMPING NASDAQ Composite (^IXIC) index by $1 Trillion is nothing... What a JOKE! $1 Trillion is new $1 million and soon it is going to be $100k.
Bearish
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Last 10 mins of buying was to snap up the dividend on the Dow...
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Right now everyone is talking about the risks involving inflation and supply chain struggles. While these are very well warranted concerns, labor markets may be the black swan variable. Will be interesting to see how problematic labor markets will become and if they will have a prominent impact on capital markets, or perhaps we will just have a further dislocation between the real economy and the e financial economy (capital market) any thought anyone?
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Not including inflation oil has to increase another 80% to reach the Bushco plateau. Please think before posting!
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There's nothing transitory about this inflation. If I run a business and already raised prices, I'm not lowering them just because supply chains get sorted out. I'm going to keep squeezing the customers for profit until the competition does something different or when demand starts to drop. Businesses are riding these high prices as long as they can, while skimping on product.
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The only "truth" about Chump's social network is that the server in his Mar A Lago home office will crash.
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These are capital investments. One penny on the dollar. Too much for Republicons
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Copper taking a nose dive, for the veterans you know what that means..
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Just picked up IBM @ $131.70. Also wrote the November 140 calls @.45 to pick up the premium income in addition to the 5% dividend record date in early November. Too much of a knee-jerk reaction this morning. I agree, it's a gift.
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Todays Reminder. Joe’s Build Back Better will cost about $2 Trillion. Roughly 1% of GDP. Why is that too much. Let’s invest in America, and Americans again like we did in the 1950’s
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We hear about the rare & precious metals shortages practically daily. What we're not told is about the shortage of green ink. Will 2022 see the beginning of a new gender-neutral color for the US dollar? lol
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If joe is able to pass his $3.5 trillion social welfare bill, the inflation we're seeing today (the highest in 30 years) will significantly increase. The lower classes are already taking a HUGE economic beating under joe. Until America has competent leadership, that will only get worse.
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IBM is getting its teeth kicked in and its obviously affecting the index. But being one of the best dividend stocks out there its just a matter of time before the dip buyers come out in full force. Currently down almost 7% and if you want to make a minimum 7% gain and some dividend by December then buy this dip.
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The Wall Street Journal, Sun Oct 17th: "Supply-Chain Bottlenecks, Elevated Inflation to Last Well Into Next Year. Economists see supply constraints, labor shortages as bigger risks to economy than Covid-19.

Uncomfortably high inflation will grip the U.S. economy well into 2022, as constrained supply chains keep upward pressure on prices and, increasingly, curb output, according to economists surveyed this month by The Wall Street Journal.

The economists’ inflation projections are up dramatically from July, while short-term growth outlooks are lower."
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Ta-dah.....A good day of new market highs. This post is guaranteed to draw thumbs down from the ethernet.
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IBM getting slaughtered minus 9% or about -$12.50.
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Dow closes GREEN today.