Today’s Chart of the Day was shared on Twitter by Michael Batnick (@michaelbatnick). It’s a dot plot showing the daily percentage change of the Dow Jones Industrial Average over the past 100 years. Today was without a doubt an ugly day for stocks with the Dow dropping 3.05%. There were a lot of headlines pointing out […]
Thinking in Percentages vs. Points
Yesterday, the Dow Jones Industrial Average fell 767 points or 2.90%. News outlets had a field day with this and we saw some pretty misleading headlines like the one below. In reality, the sell-off wasn’t nearly as bad as some were suggesting. Apparently, ‘historic lows’ now means the Dow is 6% off of an all-time high. It […]
Bearish Undertones
“Risk happens fast.” Or whatever the smart alecks in the media and Twitter say. But it is hard to deny that there are some bearish undertones to the market these days, at least over the short term. Is it because someone Tweeted something? Is it because of interest rates? Is it because of the US […]
Should You be Worried About Dow Theory?
Last week, The Dow Jones Industrial Average hit an all-time high and crossed 27,000 for the first time ever. On the other hand, The Dow Jones Transportation Average is still about 9% below its all-time high. Some experts are citing Dow Theory as a reason for concern going forward while others argue that this century-old […]
Spring Cleanup for Papa Dow
It’s that time of year again, a time when the trees are back to blooming, flowers are potted and planted and garages are starting to have a sense of cleanliness once again. There is a feeling of refreshment and rejuvenation after a long winter. In a way, this is exactly what’s taking place in the […]
