No I didn't read your subsequent correction, sorry.
I'm also sorry that I annoy you. I'll make sure it doesn't happen again.
All DOW companies are in the S&P 500, as you know. I sometimes get nostalgic about the DOW, and will Post an image below of a day I lived through (the third of 3 images).
I don't make predictions, but my views and even some numbers are on other Boards. For example, you and I have discussed the AUD about a month ago. A week ago it reached 04/2009 levels, but has come back to 70c, exactly, this second. I haven't changed my views (see image).
I expect a significantly larger decline, having lived and worked on Wall St. for some decades (which is why I am so close to the US) and have seen a number of epochal booms, bust, crises and crashes in financial markets, the first being the 22.6% DOW drop in Oct 1987 (3rd image below) , all fairly close up (anyone who lives there has).
This is not unexpected. Late August 2015 was not unexpected. I'd post my copy of the front page of WSJ of that weekend ("week of woe") , Aug 22-24 but last time I did it got moderated , since I'd already done that and someone Reported - Duplicate. That's annoying. Other HC members miss out.
It goes day by day - China Deval (we've since seen more Devals, their GDP at 25 year low, Trading Halts etc...), Oil at 40 (now around 29, was 27), Copper at 5,000 (now much less, 4.000, I think), Gold rising (it's rising again), etc.
All eerily familiar today...but not improved (an understatement). But I don't want to scare people.
So, SP breached the lows of 1867 (with possible buying support from unknown entities Wednesday night), and is now a point or two higher.
"Unconvincing performance by the Dow. Oil up 5% and markets can't even manage a 1% gain. Even after Draghi gave them hope of more QE to come. Goldman Sachs finished at a 2.5 year low , JPM is 10% than last month when the Fed raised rates"
Absolutely agree. But given my signature, it makes no sense. It tells me things are worse than even I anticipated.
Unconvincing is right, but perhaps an understatement . I read this on a website I follow:
"Is That It?"- Global Jawbone & Crude Pump Fails To Ignite Equity Exuberance"
Here's my visual summary of key indices I follow, which I typically Post every morning to another Board - note the IBB couldn't hold it together after yesterday's spike, and small caps ($RUT) resume their misery. Transports held it together...just...It's in the Seventh Cicle of Hell, and a leading Indicator. I would expect Futures markets to head downwards once Chicago resumes trading. I'll also Post the AUD, monthly.
AUD - Monthly (Real Time) caught it right on USD 0.7000 - some Futures and other Indices are at the right hand side:
Brings back not so fond memories - despite this, the DOW finished the year in the black (or is it green?)
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