STOCK MARKET WATCH -- Thursday, 2 February 2023

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 2 February 2023

Previous SMW:
SMW for 1 February 2023




AT THE CLOSING BELL ON 1 February 2023


Dow Jones 34,092.96 +6.92 (0.020%)
S&P 500 4,119.21 +42.61 (1.05%)
Nasdaq 11,816.32 +231.77 (2.00%)

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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:

Idiot America is a strange disordered place. Everything is on the wrong shelves. The truth of something is defined by how many people will attest to it, and facts are defined by those people's fervency. Fiction and nonfiction are defined by how well they sell. The best sellers are on one shelf, cheek by jowl, whether what's contained in them is true or not. People wander blindly, following the Gut into dark corners and aisles that lead nowhere, confusing possibilities with threats, jumping at shadows, stumbling around. They trip over piles of fiction left strewn around the floor of the nonfiction aisles. They fall down. They land on other people, and those other people can get hurt.

Charles P. Pierce. Idiot America: How Stupidity Became a Virtue in the Land of the Free. Doubleday. (c) 2009.

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.

[Warpy]

1. LOVE the quote

it's so much like the zombie apocalypse, except the stumbling masses have no use for brains.

[Tansy_Gold]

3. The whole quote is longer, better, funnier, bitterer [sic]

It's from the chapter on religion, education, and libraries.

It's really a superb book. I think when I bought it, I read through the whole thing in just a couple of days. And Charlie Pierce is a national treasure.

[bucolic_frolic]

2. Just here to poison your breakfast

META, which is the new name for Facebook, Meta Platforms, was $89 or thereabouts Nov 3. Today it opens at $180.

That is a $90 move. Play options? 10 contracts on META, For Feb expiration, bought in November 3, 3 months out, would have priced somewhere around $15. So 10 Feb 3 Calls - about $15,000.

Today, those calls price about $92. $92k. $92,000.00.

Surely some big important billionaire made the play. See how's the world is stacked against us little guys?