STOCK MARKET WATCH: Tuesday, 23 January 2024

[Tansy_Gold]

STOCK MARKET WATCH: Tuesday, 23 January 2024

Previous SMW:
SMW for 22 January 2024



AT THE CLOSING BELL ON 22 January 2024


Dow Jones 38,001.81 +138.01 (0.36%)
S&P 500 4,850.43 +10.62 (0.22%)
Nasdaq 15,360.29 +49.32 (0.32%)

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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:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


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:

The President seemed pleased. He sensed his reelection firmly within his grasp, and he initiated a bull session, opening it with the use of wiretaps by his predecessors. He was toying with the idea that a juicy revelation of political wiretapping by a Democratic President might further bury Watergate, I thought. He and Haldeman discussed whether to use information we had that President Johnson had ordered the Republican campaign tapped in 1968.

John W. Dean. Blind Ambition: The White House Years. Simon and Schuster / Pocket Books. © 1976.

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. What a thread, posting recommendations is as illegal as Nixon's wiretapping

38,001. I have no definite observations to make. Over the last several years, I thought markets might make it around this level, and fail. Now I can't say I'm betting either direction. A forecasting company I follow said this past weekend they were very close to making a bull call on the S&P. With all this AI, plenty of jobs, soft landing, tech on a roll like it's 1999, who's going to bet against it? When a stock chart climbs and climbs it's not uncommon to see 11-13 chart candles green (up), with the last 3 being a three bar move of long candles, sharp euphoria amid a 30% move.

To put it another way, find evidence for a sharp reversal. We're shaking off 2 wars, climate change, political unrest worldwide, earthquakes. Is the human condition aggregating the benefits, research, productive capacity of capitalism and making things better? Except we're killing masses all the time?