stock market was up today...

Amazon Inc.

Anyone else think it’s time for AMZN to be added to the Dow?

E-Commerce has been a significant portion of the Economy for well over a decade now, and it’s only going to get bigger going forward.

There’s really nothing like it in the current lineup. There are 3 “Retailers” currently listed:

Home Depot
Wal-Mart
Walgreens Boots Alliance

I think a combination of Amazon, Home Depot, & Wal-Mart would be much more representative of the US Economy going forward.
 
Oil @ $13.08 premarket. Wow.

Wonder who Trump will blame?

Donald J. Trump
@realDonaldTrump

Apr 12

The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!
 
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Amazon Inc.

Anyone else think it’s time for AMZN to be added to the Dow?

E-Commerce has been a significant portion of the Economy for well over a decade now, and it’s only going to get bigger going forward.

There’s really nothing like it in the current lineup. There are 3 “Retailers” currently listed:

Home Depot
Wal-Mart
Walgreens Boots Alliance

I think a combination of Amazon, Home Depot, & Wal-Mart would be much more representative of the US Economy going forward.
If they did, talk about throwing that index even more out of whack. It's price-weighted, which means that nominally higher-priced stocks (which means nothing in and of itself) have a greater impact over the movements of the index, even if the high-priced stock is a smaller company than others in the index.
 
I think this is right. Company provides guidance on anticipated performance, analysts apply some industry-level; macro-level data and targets get developed. I used to have access to analyst reports and they were usually close to each other (mostly because they were working from the same data and guidance from the company).

IIRC, these reports were not merged with technical data (the chart guys) to reach price targets.

I loved my job.... until we got bought out by a very large bank. As someone who understands institutional investing, as a boutique firm with 10 employees, I was client services, operations and compliance. Yea, handling the sales side and compliance raised a few eyebrows when we were going through SEC reviews or being analyzed prior to being aquired...LOL

I was on the investment committee as well, not an analyst, but I had access to all the road shows that companies brought in, as well as, conferences where multiple companies, economists etc were presenting. So I got a very good education/insight into the companies that we purchased. This allowed me to answer questions for clients and consultants. We had 6 analysts/portfolio managers, 2 traders, myself and my assistant. Every one of the analysts had postgraduate degrees and CFAs. My assistant and I were the relatively uneducated with MBAs. The traders had undergrad degrees and one was working on his CFA (he's currently a portfolio manager with another firm). Three portfolio managers had multiple post graduate degrees. Things like Phd in economic history, computer science, international relations. So we had a very talented experience team. We wrote all of our own research.

Our traders were quite good, I remember a few times when they'd come in and tell me the day traders were getting into a holding.

At the time that we were acquired we had $2.4 billion under management.
 
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probably already mentioned but we are technically out a bear market correct?

As I see it, we are now down 18.5% off the Feb high; bear is 20%
The terms have no technical definition. It's the media that tries to ascribe specific definitions to them.

IMO, bull and bear markets are long, protracted patterns of price movement and are associated with the general economic conditions that are prevalent at the time as well. If you ascribe a simple "percent off a bottom" or "percent off a high" definitions to them, then you're left calling the December 2018 market swoon a bear market, this bounce we're currently seeing a bull market, or even bounces we saw in 1929 and 1930 as bull markets.

Bear markets were from 2001-2003 after the tech bubble burst/recession, 2007-2009 during the financial crisis, in all likelihood this situation once the economic data come out, etc.
 
If they did, talk about throwing that index even more out of whack. It's price-weighted, which means that nominally higher-priced stocks (which means nothing in and of itself) have a greater impact over the movements of the index, even if the high-priced stock is a smaller company than others in the index.

Index construction can be quite frustrating at times. Who gets in? who gets taken out? what are the criteria for inclusion? company size, location of corporate headquarters, etc.? are companies domestic? foreign? multinational?
 
Index construction can be quite frustrating at times. Who gets in? who gets taken out? what are the criteria for inclusion? company size, location of corporate headquarters, etc.? are companies domestic? foreign? multinational?
You might disagree given your industry experience, but generally speaking I think they do a pretty good job at getting the "right" companies in there. Even in a really small index like the Dow.

The problem with the Dow isn't necessarily it's size - it's the ridiculous price weighting.
 
Does someone have a quick and easy explanation on what it is about the May contracts (specifically) that is causing them to be hammered?

 
Oil at $8.75 a barrel. I'm almost thinking to throw a large chunk of money there. Demand isn't going away forever, and supplies aren't going to stay where they are. With it that low, it seems you could double your money fairly quickly.
 
Does someone have a quick and easy explanation on what it is about the May contracts (specifically) that is causing them to be hammered?



Now at $4.50 barrel. Insanity.

Yeah, it's the May delivery that's getting pounded. The problem is that storage space is literally running out, so folks don't want to physically take delivery.

Drain your swimming pool and fill it up with 30,000 gallons of oil. Hold til next Spring. $$$

;-)
 
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Oil at $8.75 a barrel. I'm almost thinking to throw a large chunk of money there. Demand isn't going away forever, and supplies aren't going to stay where they are. With it that low, it seems you could double your money fairly quickly.
It seems Trump's closest allies are holding us over a barrel. Global supply manipulation actually deserves sanctions.
 

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