STOCK MARKET WATCH -- Thursday, 29 December 2022

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 29 December 2022

Previous SMW:
SMW for 28 December 2022




AT THE CLOSING BELL ON 28 December 2022


Dow Jones 32,875.71 -365.85 (1.10%)
S&P 500 3,783.22 -46.03 (1.20%)
Nasdaq 10,213.29 -139.94 (1.35%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

Alienation, the “commodification” of social life, a culture of greed, aggression, mindless hedonism and growing nihilism, the steady hemorrhage of meaning and value from human existence: it is hard to find an intelligent discussion of these questions that is not seriously indebted to the Marxist tradition.

Terry Eagleton. Why Marx Was Right. Yale University Press. (c) 2011.

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]

1. Every other day a sell-off, sandwiched between rebounds

It's that tax selling time of year. Though I do notice speculative secondary stocks - those without earnings and with heavy debt and no foreseeable upside - continue to plummet. In the early 1970s the Nifty Fifty behaved like tech stocks, 2002. So when speculation ends, speculation ends. And we're in for years of progress and relapse on the inflation front.

Worse than that, innovation is dead for consumer goods. EV's and solar energy are the only hope.