STOCK MARKET WATCH: Wednesday, 27 December 2023

[Tansy_Gold]

STOCK MARKET WATCH: Wednesday, 27 December 2023

Previous SMW:
SMW for 26 December 2023



AT THE CLOSING BELL ON 26 December 2023


Dow Jones 37,545.33 +159.36 (0.43%)
S&P 500 4,774.75 +20.12 (0.42%)
Nasdaq 15,074.57 +81.60 (0.54%)

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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:

In 2005, the Washington Post reported that about two hundred different mortgage products were available, and David Duncan, chief economist of the Mortgage Bankers Association, opined that a recent reference to “exotic” loans by Fed Chairman Alan Greenspan probably meant the “option adjustable rate mortgage.” This contract extraordinaire permitted borrowers to themselves decide how much to pay, the length of the loan, and when they chose to convert from a fixed rate to a variable rate or back again. Who, you might wonder, could offer such a mortgage?

Kevin Phillips. Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism. Penguin Publishing Group. © 2009.

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. Sweet day for me or at least easy and lucky

Needed food, couldn't find a trade in the first hour, so set a buy below on Disney options and went shopping.

Kohl's is stuffed. I bought four 4-ounce tomatoes that came to 1.5 pounds because the ALDI checkout manager leaned her elbow on the scale. I saw this but didn't realize the significance at that time. But I had previously weighed one tomato and added 3 of same size. So I got cheated.

Kohl's is still stuffed. Looked like very little was sold. Or they had trailers full of replacements.

Burlington Coat moved to a new location. They bought dozens of Bed Bath and Behind locations that closed. The old Burlington store was large, with high ceilings, plenty of air movement, bright lighting, carpeting. The new Burlington is half the size, low ceilings, lighting that is too white and too dim. I felt like several of the high school customers were so close as to be ready to mug me. They were stuffed too. There was no run on merchandise there. I saw Cal Klein coat I think it was $295 retail ... $75. Not my size but nice. That $295 retail seems out of line.

Then went to Famous Footwear. Now they had a run on shoes. No more tall shelves, most of the store was sneakers. But what was weird was about 2/3 of the ceiling lighting was turned off. It wasn't dim, you could see, but it was creepily dim. They're so pressed they have to dim the lights to save electric? It's all LED flourescent ... efficient. Weird.

SO when I returned home my Disney had executed, and I was up a tenner. Went to close and the stupid software from this third rate broker doesn't peel a close order from my long, it enters an open buy order, I don't look at it because I assume it's a close, and suddenly I've doubled my long position. So I stake out a limit order 2 cents above to clear the whole lot and lo and behold she bangs like a trooper about 10 minutes later at the high of the day!! Only made a 25-spot but I'm out and not in a (now) losing position overnight. Lucky as I said.

Tomorrow another go at it.