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Tansy_Gold

(18,058 posts)
Thu Nov 23, 2023, 05:52 PM Nov 2023

STOCK MARKET WATCH: Friday, 24 November 2023

STOCK MARKET WATCH: Friday, 24 November 2023



Previous SMW:
SMW for 22 November 2023




AT THE CLOSING BELL ON 22 November 2023


Dow Jones 35,273.03 +184.74 (0.53%)
S&P 500 4,556.62 +18.43 (0.41%)
Nasdaq 14,265.86 +65.88 (0.46%)





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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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Quote for the Day:

Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.

Charles Mackay. Memoirs of Extraordinary Popular Delusions and the Madness of Crowds. © 1852.





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.

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STOCK MARKET WATCH: Friday, 24 November 2023 (Original Post) Tansy_Gold Nov 2023 OP
Sour quote and likely true. Warpy Nov 2023 #1
I love finding the really old quotes Tansy_Gold Nov 2023 #3
Shortened hours Friday: stock exchanges close at 1 pm ET, bond market at 2 pm progree Nov 2023 #2
Everything is really fouled up bucolic_frolic Nov 2023 #4

Warpy

(113,131 posts)
1. Sour quote and likely true.
Thu Nov 23, 2023, 06:32 PM
Nov 2023

There are certainly enough herds of like thinkers galumphing all over the place and they're certainly going crazier as time goes on.

I don't know what it takes to provoke those one by one cures but I'd love to find out.

Tansy_Gold

(18,058 posts)
3. I love finding the really old quotes
Thu Nov 23, 2023, 11:05 PM
Nov 2023

Not just in the classic sources, but in the oddball things I've picked up here and there as well.

If nothing else, though, this one reminds us no matter how discouraged we might get -- and goodness knows I'm about as discouraged as they come! -- there is always hope. Elections have been won by one vote . . . . or lost.

progree

(11,463 posts)
2. Shortened hours Friday: stock exchanges close at 1 pm ET, bond market at 2 pm
Thu Nov 23, 2023, 08:23 PM
Nov 2023
U.S. stock exchanges ... will have shortened hours on Black Friday, with trading stopping at 1 p.m. Eastern on Friday (bond markets will remain open to 2 p.m.).
-- Morningstar

bucolic_frolic

(47,605 posts)
4. Everything is really fouled up
Fri Nov 24, 2023, 07:16 PM
Nov 2023

With some big mutual fund companies it's hard to tell what you're investing in anymore. A fund can manage tens upon tens of billions, so large there are several investment management companies with a piece of the action. They're so diversified they don't catch waves by vivisected market segments. So you're better off in an index fund, however much you disagree that investing is one big bet on growth in the overall economy.

Secondly, growth, led by AI and tech, is on fire! Some funds moved about 18% since the 1st of September. That led to a stronger US dollar, and some foreign funds have plunged by the same 18%.

I seek great ideas. I only see a handful a year, and often miss one or two. AI is such, it has potential to become a long term trend and the ground floor is scorched from blastoff. Also the economy is benefiting from tech efficiency, and the way costs - resources, disposables - are being squeezed from consumption. Notice smaller and smaller packaging? Retail fits more items in the store that way. I buy donuts. The boxes are so thin they almost collapse from the weight if you pick them up with one hand.

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