In our March 20 post about The Dow, we mentioned the evening reports from National Public Radio's Marketplace program where every time The Dow is down for the day, that they play the song, Stormy Weather. And during the past week there has been lots of Stormy Weather from The Dow.
A correspondent, who had read our post, asked what song does Marketplace play when The Dow is up at the end of the day? We're happy to bring you the answer to that question. When The Dow is up at the end of the day, Marketplace plays I'm In the Money, apropos for the daily winners! They will be playing I'm In The Money tonight about 6:45 p.m. That's because The Dow today closed at 4 p.m. on the New York Stock Exchange at 10,259, 284.54 point over yesterday's closing of 9974.
For what these numbers mean see our previous post here. When The Dow is up as today's results indicate, it means all 30 stocks showed increases in the number of sales. When The Dow is down as it was yesterday, it meant those 30 stocks were by their owners, meaning momentary losses to these bulwark companies, of which locally, General Electric was affected. When looked at over the past year all 30 Dow stock companies increased their value 20 to 30 per cent.
Day to day trading means little in the long term unless downs continue or ups continue for long periods. Otherwise in following The Dow daily you will be subject to the yo-yo effect or daily ups and downs that day traders feed on. Winning investors are those quite often in for the long term and who see long term benefits and value.
For short term investors and day traders, you have 'know when to hold'em and know when to fold'em!' to avoid the Stormy Weather music.
For those interested in learning more about investing, its risks and rewards, the Berkshire Athenaeum has several books available for loan, including Investing 101 by Kathy Kristoff, Wall Street's Buried Treasure: the low priced value investing approach to finding great stocks by Harry Houtkin, The Bogleheads' guide to Investing by Taylor Larimore, Mel Lindauer, Michael LeBoeuf with Introduction by John Bogle, and many others. And you will want to consult the Investopedia link on our sidebar or go directly there.
Always consider your local public library as a possible source for your financial information.
A correspondent, who had read our post, asked what song does Marketplace play when The Dow is up at the end of the day? We're happy to bring you the answer to that question. When The Dow is up at the end of the day, Marketplace plays I'm In the Money, apropos for the daily winners! They will be playing I'm In The Money tonight about 6:45 p.m. That's because The Dow today closed at 4 p.m. on the New York Stock Exchange at 10,259, 284.54 point over yesterday's closing of 9974.
For what these numbers mean see our previous post here. When The Dow is up as today's results indicate, it means all 30 stocks showed increases in the number of sales. When The Dow is down as it was yesterday, it meant those 30 stocks were by their owners, meaning momentary losses to these bulwark companies, of which locally, General Electric was affected. When looked at over the past year all 30 Dow stock companies increased their value 20 to 30 per cent.
Day to day trading means little in the long term unless downs continue or ups continue for long periods. Otherwise in following The Dow daily you will be subject to the yo-yo effect or daily ups and downs that day traders feed on. Winning investors are those quite often in for the long term and who see long term benefits and value.
For short term investors and day traders, you have 'know when to hold'em and know when to fold'em!' to avoid the Stormy Weather music.
For those interested in learning more about investing, its risks and rewards, the Berkshire Athenaeum has several books available for loan, including Investing 101 by Kathy Kristoff, Wall Street's Buried Treasure: the low priced value investing approach to finding great stocks by Harry Houtkin, The Bogleheads' guide to Investing by Taylor Larimore, Mel Lindauer, Michael LeBoeuf with Introduction by John Bogle, and many others. And you will want to consult the Investopedia link on our sidebar or go directly there.
Always consider your local public library as a possible source for your financial information.
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