STOCK MARKET WATCH -- Friday, 30 December 2022

[Tansy_Gold]

STOCK MARKET WATCH, Friday, 30 December 2022

Previous SMW:
SMW for 29 December 2022




AT THE CLOSING BELL ON 29 December 2022


Dow Jones 33,220.80 +345.09 (1.05%)
S&P 500 3,849.28 +66.06 (1.75%)
Nasdaq 10,478.09 +264.80 (2.59%)

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Quote for the Day:

While the first dusters of 1932 were a mystery to farmers and meteorologists, a man who had spent his life studying cultivation of the earth thought he had some answers. Hugh Hammond Bennett toured the High Plains just as the ground started to blow, and he, too, had never seen anything like the black blizzards. But to Bennett, a flap-armed, big-eared, well-spoken doctor of dirt, the diagnosis seemed obvious. It was not the fault of the weather, although this persistent drought certainly didn't help. The great unraveling seemed to be caused by man, Bennett believed. How could it be that people had farmed the same ground for centuries in other countries and not lost the soil, but Americans had been on the land barely a generation and had stripped it of its life-giving layers?

Timothy Egan. The Worst Hard Time: The Untold Story of Those Who Survived the Great American Dust Bowl. Mariner Books/Houghton Mifflin Company. (c) 2006.

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.

[Tansy_Gold]

1. See y'all next year, Marketeers!

[bucolic_frolic]

2. Joke of a trending day

Tomorrow the same.

Wish they would limit hedge fund trading to Tuesday and Thursday. Give the little guy and mutual funds a chance to catch up. We're all dwarfed by index funds and AI bot trading. Futures drive the markets, volume drives the futures. No competitive advantage will ever be seen again that is related to actual economic events, research, industry analysis. If it's not part of a big computer program, it's irrelevant.

[Warpy]

3. I wish Reddit would come up with more successful schemes to bust the hedge funds

AI trading assumes everybody is in it to win the same things, which is why the Game Stop fiasco worked so beautifully.

I'm convinced my dad's strategy in the 40s=90s of investing for income, not growth, was sound. The income is always there, no matter what the price per share is and if the income goes, so does that particular stock.

I'm just not sure it's a good strategy in a hyper inflated market, where the price/earnings ratios are so massively out of whatck. I'm not sure what I'd do today if I were 40 years or so younger and had money to invest.

[bucolic_frolic]

4. 40 years or so younger with money to invest

Find several real hometown stock brokers or national brokerage firms and charge them with finding the growth stocks of tomorrow, the Nike's, Alphabets, Microsofts. In '73-75 major brand name stocks could be had for $3-5 a share, and there were no tech stocks back then, except maybe defense companies. Held until 2000-2010 they were $200. Viacom comes to mind. Tell the broker that's what you want. Pick a couple real losers, and ask if these would be good - I'm thinking Palantir and Sofi Holdings. If they don't reject those two outright, take your money and run elsewhere.

I'd buy income ETF's - Divided Achievers, Super Dividend, Covered Call Writing - and DRIP with them. In 7-10 years they'll be yielding 15% based on the initial investment. Great ROTH strategy.

I would not ignore diversification. China, India, Eastern Europe will all recover someday. A little indexing opportunity there too.

Always buy quality when it's beaten up and cheap. Find the growth inside the hype. There are themes that work over time. The last 500 years? Transportation, from Columbus to steamship to coal and railroads and airplanes. The last 2000? Energy. Somebody made a bundle on olive oil in ancient Rome. Globalism? Logistics. The movement of goods. For that reason I like UBER. They're not just taxis and take out. And there will be microchips in everything. Intel, Micron, and a dozen others.

But when you're young, you don't want to listen to the old generation. So few will succeed.