Previous SMW:
SMW for 13 May 2024



AT THE CLOSING BELL ON 13 May 2024


Dow Jones 39,431.51 -81.33 (0.21%)
S&P 500 5,221.42 -1.26 (0.024%)
Nasdaq 16,388.24 +47.37 (0.29%)

Market Conditions During Trading Hours:

Google Finance
MarketWatch
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Stocktwits

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Currencies:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


Petroleum:

DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

Quote for the Day:

Bubbles in asset markets are propelled by investors’ belief that some industry or the economy in general has entered a new era of unparalleled expansion— an era in which fundamentals that previously dictated more limited growth do not apply. At their origin, bubbles may indeed begin as a result of some new technology or rise in productivity that drives up asset prices. But the suddenness and the speed of change can lead to “waves of optimistic . . . sentiment, which are unreasoning” (Keynes 1936), or “irrational exuberance” (Greenspan 1996). In these cases, investors push prices beyond what is revealed ex post to be their fundamental values. The popping of a bubble forces painful reallocations of portfolios and resources, which are often accompanied by demands for government intervention.

David Chambers. Financial Market History: Reflections on the Past for Investors Today. CFA Institute Research Foundation. © 2016.