DrStool Posted August 31, 2020 Author Report Share Posted August 31, 2020 It's not just one. Link to comment Share on other sites More sharing options...
PullMyFinger Posted August 31, 2020 Report Share Posted August 31, 2020 2 minutes ago, DrStool said: Who's getting shit on in the Dow? Just noticed the divergence. Isn't today the last day before they add Salesforce, Amgen and something else as Dow components, and take out Pfizer, Exxon Mobil, and Raytheon? Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2020 Author Report Share Posted August 31, 2020 I love how the averages shape shift over time. Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2020 Author Report Share Posted August 31, 2020 Uptrend thoroughly busted. Link to comment Share on other sites More sharing options...
PullMyFinger Posted August 31, 2020 Report Share Posted August 31, 2020 3 minutes ago, DrStool said: I love how the averages shape shift over time. I saw someone mention the other day that if Apple had split 20:1 instead of 4:1, it would be kicked out of the Dow even though it's a $2T company. Link to comment Share on other sites More sharing options...
fxfox Posted August 31, 2020 Report Share Posted August 31, 2020 1 hour ago, PullMyFinger said: Isn't today the last day before they add Salesforce, Amgen and something else as Dow components, and take out Pfizer, Exxon Mobil, and Raytheon? Yes, correct. Link to comment Share on other sites More sharing options...
fxfox Posted August 31, 2020 Report Share Posted August 31, 2020 2 hours ago, DrStool said: As much of a preternatural bear as I am, I find most permabears clueless about how the market works, and tiresome. Guys like whathisname that runs the mutual fund who is always wrong. I mean always. The guy has been bearish since the 2009 low. But man does he have great data on how overvalued the market is. People fail to understand that value is fictional. It's a mirage. Things are worth what you can sell them for. WTF is the value of TSLA? I mean really. Who cares. Look how much fucking money the morons who trade it made. And then there's that bloviating chemistry professor who is absolutely clueless but loves to hear himself bloviate. And people believe that shit. They lap it up. That is your best market related post ever. A classic, a keeper. Should be printed at a prominent place on the website. Link to comment Share on other sites More sharing options...
potatohead Posted August 31, 2020 Report Share Posted August 31, 2020 1 minute ago, fxfox said: That is your best market related post ever. A classic, a keeper. Should be printed at a prominent place on the website. Who is the chemistry professor? and Whathisname? Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2020 Author Report Share Posted August 31, 2020 I don't want to mention names. But they are both well known. The mutual fund guy, and the chem professor who posted here at the beginning before I told him to get lost. LOL Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2020 Author Report Share Posted August 31, 2020 The MF guy is a permabear hero. He's famous for reams of data and flawless logic, and he is always wrong. ZH used to feature his work all the time. BTW, did youi see where ZH settled a copyright infringement case that Dow Jones brought against them? $140k. Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2020 Author Report Share Posted August 31, 2020 Now there's a cesspool. Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2020 Author Report Share Posted August 31, 2020 But I was actually grateful when the stole my work. I used to get a few subs out of it. LOL Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2020 Author Report Share Posted August 31, 2020 And then there's Russ who turned into a flaming antisemitic conspiracy theorist. What a miserable POS. Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2020 Author Report Share Posted August 31, 2020 Reminder - the Dow is price weighted. The biggest price changes carry the most weight, which usually means the highest priced stocks, regardless of how small their total capitalization is. Link to comment Share on other sites More sharing options...
DrStool Posted August 31, 2020 Author Report Share Posted August 31, 2020 The Dow therefore acts more like an unweighted average than the S&P. Link to comment Share on other sites More sharing options...
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