STOCK MARKET WATCH -- Friday, 31 March 2023

[Tansy_Gold]

Last edited Thu Mar 30, 2023, 09:00 PM - Edit history (1)

STOCK MARKET WATCH, Friday, 31 March 2023

Previous SMW:
SMW for 30 March 2023




AT THE CLOSING BELL ON 30 March 2023


Dow Jones 32,859.03 +141.43 (0.43%)
S&P 500 4,050.83 +23.02 (0.57%)
Nasdaq 12,013.47 +87.24 (0.73%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
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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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Quote for the Day:

It isn't often that a great university goes smash, yet this is what happened to the Berkeley campus during the first week of December, 1964. During that week the University of California (Berkeley), numbering 27,000 students, 12,000 faculty and non-academic employees, numerous research laboratories, institutes, old-fashioned classrooms and boasting an annual budget of $60 million, suffered an almost total collapse. Campus authority vanished, academic routines were reduced to a shambles, and the prophecy of Mario Savio was fulfilled: the "machine" came to a "grinding halt."

Sheldon S. Wolin and John H. Schaar. The Berkeley Rebellion and Beyond: Essays on Politics and Education in the Technological Society. A New York Review Book. © 1970.

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.

[dweller]

1. Hope all

is well with you !!



✌🏻

[Tansy_Gold]

2. Thank you!

I had a day of minor catastrophes

I never do the Quote for the Day ahead of time, and it does take a bit of searching and then preparation to fit it into the daily thread. I just wasn't sure when I'd get around to it, so I wanted to get the thread itself posted.

All should be back on track from here on out.

[Warpy]

3. You and your quotes were missed

but I'm glad things are getting saner.

As for today's quote, I doubt many people remember the Free Speech Movement* and fewer still remember what the fuss was all about and why diplomas and teaching certificates were withheld and why a few people went to jail. It was also probably the best regarded, since it had a reasonable point. Other protests were hamfisted in comparison. I know because I was there for a few of them, all run by people who had no clue about what most of the country they were living in was like.

*Basically, it was an attempt to get the university brass to allow free discussion of politics on campus and the right to form campus political groups. Their elders and betters regarded this with great alarm, that the leaders were a buncha commies.

[Tansy_Gold]

4. One of the reasons for the QFTD

is to get people to wonder. Not just to think, but to wonder, which is a little different.

You and I, Warpy, are about the same age; we remember Berkeley and Mario Savio and the People's Park and all that. Some who are younger might not know the details and wonder, "Gee, why is this important? What does this have to do with whether I make money on the stock market today or not?" Well, it's all connected.

I was reading a bit about Daniel Defoe's A Journal of the Plague Year a week or so ago as a possible source for a quote. He was only five years old at the time of the Plague, and very likely made up much of what he wrote as "a journal." It was published in 1722, almost exactly three centuries before our own "plague years." And it made me wonder how much of our own collective journal about that time will end up being just made up . . . .

[Warpy]

5. I'm waiting to see if there are similar demos in Florida

now that the heavy hand of government censorship has fallen on all institutions of learning, from kindergarten through grad school. Then again, it's Florida, too hot and muggy all the time for many people to develop that sort of ambition.

The whole thing was rather tame by today's standards but it was enough to alarm the Greatest and the Silents into voting Republican for the rest of their lives, something confirmed for them when those of us of a certain vintage got out and started to break every rule that had been laid out for us.

It's hard to explain to people who weren't there just how regimented the 1950s were and why the 60s produced such an explosion in the popular culture. To them, the Free Speech Movement was both incomprehensible and tame, maybe a little quaint. They don't get how earthshaking it was even for those of us too young to participate and on the other coast who were reading about it in pinko magazines on cheap paper like The Nation and The Realist.

[Tansy_Gold]

6. Great Minds . . . .

. . . And All That.

Yes, Florida was very much on my mind when I dug out my copy of The Berkeley Rebellion yesterday. I had forgotten that the book, actually a collection of contemporary essays, was published so close (1970) upon the actual events. What historians like to call "source documents," so to speak. From the Introduction:

The essays collected in this volume were written for The New York Review over the course of the last six years. During those years American society moved into a time of troubles deeper than any since the Civil War, and American higher education plunged into storms more turbulent than any in its history. There are few signs that the storm is lifting; in so far as the campuses are barometers reflecting conditions outside, there is every sign of harder weather ahead.

And we remain in, ahem, interesting times.

[DemReadingDU]

7. Very Interesting Times

[Tansy_Gold]

8. Interesting . . . and Interestinger

[bucolic_frolic]

9. In the first Quarter of 2023, Apple added 1/2 TRILLION $ of market capitalization

It moved from 125 to 165. That's almost 33%.

The 10 or 12 largest tech companies make up about 35% of most index funds, and really of the economy.

META moved from 118 to 212. Heck META was $89 on November 3.

Are you sick yet?

[Tansy_Gold]

10. But it's all on paper, right?

Yesterday it was worth $X because that's what someone paid for it.

Today it's worth $X+y because that's what someone wants to pay for it.

If no one wants to buy it any more, then it ain't worth nothin'.

Right?