STOCK MARKET WATCH -- Tuesday, 9 May 2023
STOCK MARKET WATCH, Tuesday, 9 May 2023
Previous SMW:
SMW for 8 May 2023
AT THE CLOSING BELL ON 8 May 2023
Dow Jones 33,618.69 -55.69 (0.17%)
S&P 500 4,138.12 +1.87 (0.045%)
Nasdaq 12,256.92 +21.50 (0.18%)
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Currencies:
Gold & Silver:
Petroleum:
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Quote for the Day:
In ordinary times, the idea of bankrupt Americans becoming "indentured" to credit-card operators could be taken as overwrought political propaganda. However, the fallout from a 10 to 20 percent national housing price slump could make the analogy somewhat more credible. Bankruptcies or shattered credit might well put millions of cardholders in thrall to dozens of issuers and mortgage lenders. And if household America slowed its consumption, thereby ceasing to play locomotive to the world, the domestic and global effects would be incendiary.
Kevin Phillips. American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century. Viking. © 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.
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