STOCK MARKET WATCH -- Monday, 6 March 2023

[Tansy_Gold]

STOCK MARKET WATCH, Monday, 6 March 2023

Previous SMW:
SMW for 3 March 2023




AT THE CLOSING BELL ON 3 March 2023


Dow Jones 33,390.97 +387.40 (1.17%)
S&P 500 4,045.64 +64.29 (1.61%)
Nasdaq 11,689.01 +226.02 (1.97%)

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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:

Affirmative action was not a profound betrayal of the idea of meritocracy, but a quick (and, its inventors assumed, temporary) fix for one of its obvious shortcomings. The new meritocractic elite didn't resist affirmative action at all – in fact it voluntarily established affirmative action in every institution under its control. Affirmative action's potential for generating conflict was not clear in the muddled circumstances of its birth. So the new educational structure that was supposed to rationalize one American preoccupation, opportunity, was firmly attached in a logically contradictory, not very workable way to another American preoccupation, race. They were stuck with each other.

Nicholas Lemann. The Big Test: The Secret History of the American Meritocracy. Farrar, Straus and Giroux. © 1999

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. We're past an inflection point and 2 things are happening

1) companies without earnings or good news never bounce and are fading

2) the markets are manipulated by big players - hedge funds, AI bots, news.

Upgrades/downgrades for the most part don't even move things very much.

Fridays drift higher relentlessly because punks with trading apps are flipping END OF DAY options as a thrill. And they're outperforming most of their elders.