STOCK MARKET WATCH -- Monday, 31 January 2022

[Tansy_Gold]

STOCK MARKET WATCH, Monday, 31 January 2022

Previous SMW:
SMW for 28 January 2022




AT THE CLOSING BELL ON 28 January 2022


Dow Jones 34,725.47 +564.69 (1.65%)
S&P 500 4,431.85 +105.34 (2.43%)
Nasdaq 13,770.57 +417.79 (3.13%)

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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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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.

[Tansy_Gold]

1. Attaching a Twitter link from Abigail Disney

I'll add this to the Tuesday thread, too, when I post it later this afternoon.

Link to tweet

". . . But that's not what is happening today. What happens today is simple speculation. People buy and sell not on their perceived value of the underlying assets, but based on their sense of where The share price is heading. If it's going up, they ride with it and then sell. If it's going down, they sell to another person the right to buy it later at the current price, even though the price has dropped as they predicted."

This is basically, I think, the same kind of discussion that brought me to SMW all these years ago. At the heart, it strips away the myth of the stock market as a barometer of the economy.

I'm still waiting for the bubble to burst.