Dow Jones Quotes

Our media outlets pay attention to the rise and fall of the Dow Jones Industrial Average, but not to species extinction rates. In this country money is well organized, but survival is not.

Nearly every time I strayed from the herd, I've made a lot of money. Wandering away from the action is the way to find the new action.

I don't live by the fuckin Dow Jones anymore. I live by the Tao, Jones.

The President looked out of his window. He was not very happy. “I worry about Bill, Hubert, Henry, Kevin, Edward, Clem, Dan and their lover, Snow White. I sense that all is not well with them. Now, looking out over this green lawn, and these fine rosebushes, and into the night and the yellow buildings, and the falling Dow Jones Index and the screams of the poor, I am concerned. I have many important things to worry about, but I worry about Bill and the boys too. Because I am the President. Finally. the President of the whole fucking country. And they are Americans, Bill, Hubert, Henry, Kevin, Edward, Clem, Dan and Snow White. They are Americans. My Americans.

May Your Dow Never Jones.

Mayflower-Plymouth has created The Permaculture Index as an alternative to the Dow Jones Industrial Average, the S&P, the Nasdaq and the Nikkei. The purpose of The Permaculture Index is to provide a more holistic representation of the health of the economy. And then we have several sub-indices which aim to present a more holistic representation of specific markets.

let the Dow Jones plunge and markets all over the world also plummet. Some economists have advocated the decoupling of economies, but the crash in global markets, preceded by the financial crisis in the United States, is a stark reminder of the inter-dependence of the nations of the world, increasing ever since the first true decoupling occurred when God scattered the residents of the original Babylon and formed the nations.

Within five minutes – from 14:42 to 14:47 – the Dow Jones dropped by 1,000 points, wiping out $1 trillion. It then bounced back, returning to its pre-crash level in a little more than three minutes. That’s what happens when super-fast computer programs are in charge of our money. Experts have been trying ever since to understand what happened in this so-called ‘Flash Crash’. They know algorithms were to blame, but are still not sure exactly what went wrong.

If you do not love God, what good are you? You are too caught up in the meanness of self-love and self-gratification to be worth a tinker's damn. Your soul soars only with a spike in the Dow-Jones Industrial average; your heart leaps only at the prospect of a new tax break. The devil take you. He already has. Religion is for lovers, for men and women of passion, for real people with a passion for something other than taking profits, people who believe in something, who hope like mad in something, who love something with a love that surpasses understanding.

Stock-exchange traders are also in danger. Most financial trading today is already being managed by computer algorithms that can process in a second more data than a human can in a year, and can react to the data much faster than a human can blink. On 23 April 2013, Syrian hackers broke into Associated Press’s official Twitter account. At 13:07 they tweeted that the White House had been attacked and President Obama was hurt. Trade algorithms that constantly monitor newsfeeds reacted in no time and began selling stocks like mad. The Dow Jones went into free fall and within sixty seconds lost 150 points, equivalent to a loss of $136 billion! At 13:10 Associated Press clarified that the tweet was a hoax. The algorithms reversed gear and by 13:13 the Dow Jones had recuperated almost all the losses.

Chris Krueger, long-time Capitol Hill watcher for Guggenheim Securities, says the people expecting this kind of kumbaya moment are “Pollyannas”. He said: “My reading of the White House is that they already feel pretty good about their legacy, having done what no administration since Harry Truman has done and extended access to healthcare.” These are the facts on the ground, which bode ill for investors, but there is a conundrum: history suggests we are at a point in the political cycle when markets usually do well. After some volatility around the midterms, the stock market has historically settled into a very strong year in the third year of the presidential cycle, according to an analysis by Jeff Hirsch, editor of the Stock Trader’s Almanac. Sweeping in 180 years of data on the Dow Jones Industrial Average and predecessor indices, he calculates the average Year 3 gain to be 10.4 per cent, almost double the next best year, the presidential election year itself.

Standard & Poor’s Dow Jones Indices published a statistical analysis in 2016 detailing the dismal record of “active” portfolio managers: As is typically the case, about two-thirds of active large-capitalization managers underperformed the S&P 500 large-cap index during 2015. Nor

Only four companies—Proctor & Gamble, General Electric, AT&T, and DuPont—have survived on the Dow Jones index of the top-thirty U.S. industrial stocks since the 1960s.

Many complex elements contributed to the Great Depression of 1929. However, most economists believe that the two main causes of the Depression were the immensely uneven distribution of wealth during the previous decade and the extensive speculation in stock that took place in the latter half of the decade. The decade preceding the Depression was a time of tremendous prosperity and became known as the “Roaring Twenties.” However, prosperity was not for everyone. The number of wealthy people in the country was less than a tenth of a percent of the total population yet they controlled most of the money in the country. In a well-functioning economy, demand must equal supply. But in 1929 wealth was so unevenly distributed that the supply of products far exceeded the demand for them. People may have wanted the products at the time but they couldn’t afford them. If supplies keep building and demand lessens, the economy can collapse. One way to balance the equation is to allow people to buy products over time. By the end of the Roaring Twenties, over 60 percent of all automobiles and 80 percent of all radios had been purchased on credit. With this new influx of money into the market, the economy was booming at the end of the 1920s. Stock speculation became rampant. Profits as high as 3,400 percent could be made in less than a year and people could buy on margin. In other words, they only had to put down 10 percent cash when buying a stock. Because of this, everyone was buying stocks. The poor were equal players with the rich. This buying spree pushed the market to new highs. In 1928 alone the Dow Jones Industrial Average rose from 191 to 300. There were warning signs as minor recessions occurred in the spring of 1929. Investors became nervous. In October people started selling their shares of stock. As the market started dropping, more and more people sold stock, margins were called, and by October 1929 there was panic selling. Stock prices dropped so fast that many rich people became poor in a matter of hours.

Sex and commerce are fine things, but man cannot live by Viagra and the Dow Jones alone. A life led collecting things and experiences in pursuit of happiness is not necessarily a bad life, but it’s not a good life either. Too often, the Democrats act like the Party of Lust, and the Republicans the Party of Greed. Both are deadly sins that eat at the soul.

In response to current events, people often reach for historical analogies, and this occasion was no exception. The trick is to choose the right analogy. In August 2007, the analogies that came to mind—both inside and outside the Fed—were October 1987, when the Dow Jones industrial average had plummeted nearly 23 percent in a single day, and August 1998, when the Dow had fallen 11.5 percent over three days after Russia defaulted on its foreign debts. With help from the Fed, markets had rebounded each time with little evident damage to the economy. Not everyone viewed these interventions as successful, though. In fact, some viewed the Fed’s actions in the fall of 1998—three quarter-point reductions in the federal funds rate—as an overreaction that helped fuel the growing dot-com bubble. Others derided what they perceived to be a tendency of the Fed to respond too strongly to price declines in stocks and other financial assets, which they dubbed the “Greenspan put.” (A put is an options contract that protects the buyer against loss if the price of a stock or other security declines.) Newspaper opinion columns in August 2007 were rife with speculation that Helicopter Ben would provide a similar put soon. In arguing against Fed intervention, many commentators asserted that investors had grown complacent and needed to be taught a lesson. The cure to the current mess, this line of thinking went, was a repricing of risk, meaning a painful reduction in asset prices—from stocks to bonds to mortgage-linked securities. “Credit panics are never pretty, but their virtue is that they restore some fear and humility to the marketplace,” the Wall Street Journal had editorialized, in arguing for no rate cut at the August 7 FOMC meeting.

Take the five stocks in the Dow Jones Industrial Average with the lowest stock prices and highest dividend yields. Discard the one with the lowest price. Put 40% of your money in the stock with the second-lowest price. Put 20% in each of the three remaining stocks. One year later, sort the Dow the same way and reset the portfolio according to steps 1 through 4. Repeat until wealthy. Over

The selection of common stocks for the portfolio of the defensive investor should be a relatively simple matter. Here we would suggest four rules to be followed: 1. There should be adequate though not excessive diversification. This might mean a minimum of ten different issues and a maximum of about thirty.† 2. Each company selected should be large, prominent, and conservatively financed. Indefinite as these adjectives must be, their general sense is clear. Observations on this point are added at the end of the chapter. 3. Each company should have a long record of continuous dividend payments. (All the issues in the Dow Jones Industrial Average met this dividend requirement in 1971.) To be specific on this point we would suggest the requirement of continuous dividend payments beginning at least in 1950.* 4. The investor should impose some limit on the price he will pay for an issue in relation to its average earnings over, say, the past seven years. We suggest that this limit be set at 25 times such average earnings, and not more than 20 times those of the last twelve-month period. But such a restriction would eliminate nearly all the strongest and most popular companies from the portfolio. In particular, it would ban virtually the entire category of “growth stocks,” which have for some years past been the favorites

在美股最簡單的方法就是買DIA（Dow Jones Index）、QQQ（Nasdaq Index）或是SPY（S＆P 500 Index），因為美股長期平均有每年7％到10％的回報

Focus on the things you can control and release yourself from worrying about what you can’t, like the weather, the Dow Jones, or what your neighbor thinks about your haircut.

Then came Black Monday, October 19, 1987, when the bottom simply fell out. A record-cracking 600 million shares were traded on the Big Board that day, as the Dow Jones Industrial Average plummeted 508 points—a 22.6 percent fall, more than twice the damage inflicted on the worst day of the historic 1929 crash. The S&P 500 dropped almost as far, just as fast.

From a mathematical perspective, every oscillation could be used to tell time. In the real world, only a few are good enough. Most are too noisy, or show different periods when external conditions are slightly varied. The Dow Jones Industrial Average shows oscillations, but you would not want to time an egg with them.

Each company should have a long record of continuous dividend payments. (All the issues in the Dow Jones Industrial Average met this dividend requirement in 1971.) To be specific on this point we would suggest the requirement of continuous dividend payments beginning at least in 1950.

煩惱 雖然前面提供了一些我多年的選股祕訣，但還是要再強調一次，除非你真的很有興趣，又願意花很多時間做功課，或當成娛樂、交學費、學經驗，我對多數人還是會建議所謂的Passive Investing，也就是被動投資，因為主動投資天天要看盤，會需要花很多時間，而且經常進出場的成本也很可觀。 那什麼是被動投資呢？其實巴菲特也講過，他過世後會幫老婆家人做一樣的財務安排，也就是買ETF或是指數基金（Index Fund）。前面講過，即使全職的基金經理人，也很難長期跑贏大盤，巴菲特最清楚，所以才幫家人選擇被動投資。我也是一樣，比較喜歡把退休的時間花在其他地方，像家庭小孩、旅行美食，覺得這會比天天在電腦前面看盤、盯股票好，何況我不一定會跑贏大盤。在美股最簡單的方法就是買DIA（Dow Jones Index）、QQQ（Nasdaq Index）或是SPY（S＆P 500 Index），因為美股長期平均有每年7％到10％的回報

煩惱 雖然前面提供了一些我多年的選股祕訣，但還是要再強調一次，除非你真的很有興趣，又願意花很多時間做功課，或當成娛樂、交學費、學經驗，我對多數人還是會建議所謂的Passive Investing，也就是被動投資，因為主動投資天天要看盤，會需要花很多時間，而且經常進出場的成本也很可觀。 那什麼是被動投資呢？其實巴菲特也講過，他過世後會幫老婆家人做一樣的財務安排，也就是買ETF或是指數基金（Index Fund）。前面講過，即使全職的基金經理人，也很難長期跑贏大盤，巴菲特最清楚，所以才幫家人選擇被動投資。我也是一樣，比較喜歡把退休的時間花在其他地方，像家庭小孩、旅行美食，覺得這會比天天在電腦前面看盤、盯股票好，何況我不一定會跑贏大盤。在美股最簡單的方法就是買DIA（Dow Jones Index）、QQQ（Nasdaq Index）或是SPY（S＆P 500 Index），因為美股長期平均有每年7％到10％的回報，買這些指數基金，管理費又低，又不用煩心。在美國有一個基金Vanguard，他的創始人柏格（Jack Bogle），提倡這個低管理費的被動型基金多年，只要跟著大盤跑，最後也證明他是對的，投資報酬率真的不錯，後來才有像巴克萊銀行的iShare跟進。如果你對某一個行業特別有興趣，也可以買這個行業的指數基金，像黃金、生技、台股、外幣，甚至放空等等，現在五花八門，什麼都有（也可以挑國家或不同地區，像北美、南美、西歐、亞洲的ETF基金），這樣可以分散風險，不用把全部資金壓在一種股票上。而且重點是買大盤，被動投資，這樣管理費低，你的投資報酬率才會高。

Laszlo Birinyi, in his book Master Trader, has calculated that a buy-and-hold investor would have seen one dollar invested in the Dow Jones Industrial Average in 1900 grow to $290 by the start of 2013. Had that investor missed the best five days each year, however, that dollar investment would have been worth less than a penny in 2013.

REIT ETFs can cover a broad market (like all equity REITs) or a narrow slice (like hotel REITs). Examples of real estate ETFs include: • Vanguard Real Estate ETF (VNQ), which follows the MSCI US Investable Market Real Estate 25/50 Index (a broad REIT index) • iShares Global REIT (REET), which tracks the FTSE EPRA/NAREIT Global REIT Index and holds a combination of US and overseas property REITs • Pacer Benchmark Industrial Real Estate Sector ETF (INDS), a targeted fund that follows the Benchmark Industrial Real Estate SCTR Index with an emphasis on industrial (such as cell towers and data centers) and self-storage properties • Schwab US REIT ETF (SCHH), which tracks the Dow Jones US Select REIT Index, holding a broad mix of residential and commercial REITs

Y, por primera vez después de dos semanas de confinamiento —dos semanas con la libido al mismo nivel que el IBEX o el índice Dow Jones, es decir, bajo mínimos—, se buscan el uno al otro y, cómo no, se encuentran.

Take the five stocks in the Dow Jones Industrial Average with the lowest stock prices and highest dividend yields. Discard the one with the lowest price. Put 40% of your money in the stock with the second-lowest price. Put 20% in each of the three remaining stocks. One year later, sort the Dow the same way and reset the portfolio according to steps 1 through 4. Repeat until wealthy.

Then, following Aristotle’s dictum of “using expressions that represent things as in a state of activity,” I ask the students to set the person in motion. Again, it’s important to be as specific as possible. “Reading the newspaper” is a start, but it does little more than label a generic activity. In order for readers to enter the fictional dream, the activity must be shown. Often this means breaking the large generic activity into smaller, more particular parts: “scowling at the Dow Jones averages,” perhaps, or “skimming the used car ads” or “wiping his ink-stained fingers on the monogrammed handkerchief he always keeps in his shirt pocket.” These three actions describe three very different fathers. Besides providing a visual image for the reader, specific and representative actions also suggest the personality of the character, the emotional life hidden beneath the physical details. As

Large-cap U.S. Stock S&P 500 Index Midcap U.S. Stock S&P Midcap 400 Index Small-cap U.S. Value stock Russell 2000 Value Index Non-U.S. Developed stock MSCI EAFE Index Non-U.S. Emerging stock MSCI Emerging Markets Index Real Estate Dow Jones U.S. Select REIT Index Natural Resources Goldman Sachs Natural Resources Index Commodities Deutsche Bank Liquid Commodity Index U.S. Bonds Barclays Capital Aggregate Bond Index Inflation Protected Bonds Barclays Capital U.S. Treasury Inflation Note Index Non-U.S. Bonds Citibank WGBI Non-U.S. Dollar Index Cash 3-Month Treasury Bill

Dow Jones Index was down four hundred points, or 18 percent, already the worst day ever, amid widespread panic. Vivian wondered whether I needed to skip the rest of our lunch and race back. PNP and we personally could be suffering massive losses. I told her there was nothing I could do in the markets that day. Our investments were either safe, thoroughly protected by hedging as I believed them to be, or not. “What will you do?” she asked. I told her that first we would relax and finish lunch. Then, after a brief visit to the office, I was coming home to think.

What happened in 1970 in Los Angeles was the worst economic episode I’ve ever had to fight through. Unlike the post–Cold War Recession, we did not have the waves of in-migration from Mexico, nor were drug sales as great. I believe the underground economy was a silent savior of Los Angeles during 1990–94. The Kent State Massacre and the Pentagon Papers scandal didn’t help the 1970 scene. Furthermore, things didn’t get better in the early 1970s. The sharp recession of 1970 was followed by a sudden inflation caused by Vietnam spending. Nixon “slammed the gold window shut.” From 1945 to 1971, the U.S., under the Bretton Woods Agreement, had agreed to back its currency to a limited extent with gold at $35 per ounce. Other nations’ central banks were withdrawing our gold so fast that Nixon had to renege on the promise. This was followed in 1973 by the end of fixed currency exchange rates. The dollar plummeted. Traveling to the wine country of France in the summer of 1973, I was unable to cash American Express dollar-denominated traveler’s checks. Inflation jumped with the 1973 Energy Crisis. Nixon imposed wage and price controls. Then Watergate, accompanied by the Dow Jones hitting bottom in 1974. Three Initiatives to Turn the Tide Against all this, Trader Joe’s mounted three initiatives. In chronological order: We launched the Fearless Flyer early in 1970. We broke the price of imported wines in late 1970 thanks to a loophole in the Fair Trade law. Most importantly, in 1971, we married the health food store to the Good Time Charley party store, which had been the 1967–70 version of Trader Joe’s. Together these three elements comprised the second version of Trader Joe’s, Whole Earth Harry.

After all,” he may say, “the rules you have outlined are pretty simple and easygoing. A highly trained analyst ought to be able to use all his skill and techniques to improve substantially on something as obvious as the Dow Jones list. If not, what good are all his statistics, calculations, and pontifical judgments?

After a seminal paper in 2010 (see Bollen et al., 2011), the topic of alternative data started getting traction both in academia and in the hedge fund industry. The paper showed an accuracy of 87.6% in predicting the daily up and down changes in the closing values of the Dow Jones index when using Twitter mood data. This

Some great investments are not bought on the open market or Big Board. They are grown economically by entrepreneurs in exceedingly small towns. An investment in the neighborhood or family is an asset to all involved.

he Dow Jones Industrial Average is the sum of the largest 30 corporations, although they represent the bulk of the trading on that exchange. This average dominates everybody’s thinking about the market being up or down or whatever. Try to make individual stock picks and forget about the market. A good market could pull your stock up and, a bad one could pull it down, but the real investment factor is how well the company is managed and performs within the stock market.

Astute readers may have noticed that Dow Jones’s working capital model was implemented, in reality, by asking subscribers to pay up front. That’s a revenue model issue, too, isn’t it? Right you are. Costco’s working capital model was driven largely by membership fees paid up front—a revenue model issue—that in turn enabled it to adopt a gross margin model with low, low prices and razor-thin gross margins. So why do we see these cases as working capital stories? We’ve placed the Dow Jones and Costco cases in the working capital chapter because their working capital models lie at the heart of their long-running success. In their essence, working capital models are about the timing with which cash flows into and out of the business. In most industries, that means the timing with which customers pay, the timing with which suppliers are paid, and the timing or speed with which inventory (or piles of other current assets) can be turned over and over again.

But because the timing issues are inherently linked to revenue model and operating issues, it’s worth your while, as you think about analogs, antilogs, and leaps of faith in those arenas, to add timing to your questioning early in your dashboarding process. Changing the timing of cash flows can shake up an industry, as the Costco story indicates. And, as the Dow Jones story indicates, getting subscription money up front is another good way to go. Could your business offer subscriptions for what you or your competitors now sell in another

From 1981 to 1991, the average return on ten-year Treasury bills was 10.4 per cent; the Dow Jones Industrial Average was 12.9 per cent; and the average return on so-called junk bonds was 14.1 per cent.

With the first banks opened on Monday, the afternoon brought another request from Roosevelt. Stating that he needed the tax revenue, he asked Congress that beer with alcohol content of up to 3.2 percent be made legal; the Eighteenth Amendment did not specify the percentage that constituted an intoxicating beverage. Congress complied. The House passed the bill the very next day with a vote count of 316–97, pushing it to the Senate. Wednesday brought good cheer: The stock market opened for the first time in Roosevelt’s presidency. In a single-day record, the Dow Jones Industrial Average gained over 15 percent—a gain in total market value of $3 billion. By Thursday, for increased fiscal prudence, the Senate had added an exemption for wine to go with beer, but negotiated the alcohol content down to 3.05 percent. Throughout the week, banks were receiving net deposits rather than facing panicked withdrawals. Over the following weeks, the administration developed a sweeping farm package designed to “increase purchasing power of our farmers” and “relieve the pressure of farm mortgages.” To guarantee the safety of bank deposits, the Federal Deposit Insurance Corporation was created. To regulate the entire American stock and bond markets, the Exchange Act of 1933 required companies to report their financial condition accurately to the buying public, establishing the Securities and Exchange Commission. Safety nets such as Social Security for retirement and home loan guarantees for individuals would be added to the government’s portfolio of responsibilities within a couple of years. It was the largest peacetime escalation of government in American history.

Two lists of potentially attractive stocks for covered writing are the 30 stocks making up the Dow Jones industrial average and the stocks in the S&P 500 Dividend Aristocrats index mentioned in Chapter 4.

Will we be remembered by how many material things we can manufacture, advertise, sell, and consume, or by our rediscovery of more lasting, non-material measures of success—a new Dow Jones for the purpose and quality of life in our families, neighborhoods, cities, and national and world communities? Will we be remembered by how rapidly technology, corporate merger mania, and greed can render human beings obsolete, or by a better balance between corporate profits and corporate caring for children, families, communities, and the environment? Will we be remembered by how much a few at the top can get at the expense of the many at the bottom and in the middle, or by our struggle for a concept of enough for all? Will we be remembered by the glitz, style, and banality of too much of our culture, or by the substance of our efforts to rekindle an ethic of caring, community, and justice in a world driven too much by money, technology, and weaponry? A thousand years from now, will America’s dream be alive, be remembered, and be worth remembering? Is America’s dream big enough for every fifth child who is poor, every seventh child who is Black, every fourth child who is Latino, and every twelfth child who is mentally or physically challenged? Is our world’s dream big enough for all of the children God has sent as messengers of hope?

Sure enough, America was shocked by Babson's words: "More people are borrowing and speculating today than ever in our history. Sooner or later a crash is coming which will take in the leading stocks and cause a decline of from 60 to 80 points in the Dow Jones barometer. Wise are those investors who get out of debt and reef their sails.

If you want a reality check, take a look at the study that’s regularly put out by S&P Dow Jones Indices, part of McGraw Hill Financial. The study is known as the SPIVA Scorecard, short for Standard & Poor’s Indices Versus Active. It compares actively managed funds to appropriate benchmark indexes. Over a 10-year period, typically 20 percent or less of actively managed funds outperform their category’s benchmark index.

On Black Monday, October 19, the Dow Jones Industrial Average dropped 508 points, or 22.6 percent, and the New York Stock Exchange lost $1 trillion in value. Many feared that Black Monday was a repeat of the stock market crash in 1929, which signaled the Great Depression of the 1930s. Nobody wanted history to repeat itself, and Congress did not want to be blamed for causing the collapse of financial markets. Support for antitakeover legislation, which was perceived as a contributing cause of Black Monday, disappeared.

During the 1980s, the Dow Jones Industrial Average tripled from 1,000 to 3,000 and the real value of public firms' equity more than doubled from $1.4 to $3 trillion. Selling shareholders alone received $750 billion in gains (measured in 1992 dollars) from restructuring transactions between 1976 and 1990. Millions of new jobs were created in the process.

¿Cómo puedes reconocer el comportamiento del mercado? Los fondos de índices como el Dow Jones Industrial Average (ticker: DIA) o el SPDR S&P ٥٠٠ ETF Trust (ticker: SPY) son regularmente buenos indicadores de lo que está haciendo el mercado en general. Si el DIA o el SPY están en rojo, significa que el mercado en general está débil. Si el DIA o el SPY están fuertes, entonces el mercado en general subirá.

Systems fool us by presenting themselves—or we fool ourselves by seeing the world—as a series of events. The daily news tells of elections, battles, political agreements, disasters, stock market booms or busts. Much of our ordinary conversation is about specific happenings at specific times and places. A team wins. A river floods. The Dow Jones Industrial Average hits 10,000. Oil is discovered. A forest is cut. Events are the outputs, moment by moment, from the black box of the system.