Al_Dente wrote:...What is the math for that ““adding about 32 points to the price of the Dow””?
I could be wrong, but perhaps since (as of yesterday) NKE was weighted as 1.71% of the DJIA: http://indexarb.com/indexComponentWtsDJ.html
then 1.71 x 8.8% (approx increase today) = .15%
DJIA (today) = ~ 21,346 x .15% (from above) = ~ +32.12
My best guess …
THANK YOU SO VERY MUCH
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Huge Bond action last few days… and bonds could break down VERY hard.. question is where does the money go? .. DXY USDollar AND … look toward commodities?… commodity stocks?…. DBA, DBC, etc.. Ready for hyper inflation??? Buckle up
Follow-up on that “astonishing” inverted$VIX chart I posted last night and early this morning:
Slap a more generous MA (89) on it (middle panel)……… now see june….there u go……..much smoother for mid-term.......
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Pasta Boss, the dow jones has a divisor to determine the impact of the individual stock moves. See this from Widipedia
The value of the Dow is not the actual average of the prices of its component stocks, but rather the sum of the component prices divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index. Since the divisor is currently less than one, the value of the index is larger than the sum of the component prices.
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as per usual..very quiet Friday before a long weekend.. mind the late hour move by a hedge fund.. near EOD .. sneak attack when everyone is gone for the weekend.
Inside days.. "nothing burgers" for the long weekend
fehro wrote:as per usual..very quiet Friday before a long weekend.. mind the late hour move by a hedge fund.. near EOD .. sneak attack when everyone is gone for the weekend.
Inside days.. "nothing burgers" for the long weekend
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