Friday, June 9, 2017

The Market And Energy Page, T+140 -- June 9, 2017


Later, 3:57 p.m. Central Time: was the 125-point NASDAQ sell-off a big deal? Apparently not: Drudge Report did not link it; I would have expected a banner headline, and possibly a rotating beacon!

Later, 1:50 p.m. Central Time: huge Nasdaq sell-off. Down 100 points

Later, 10:18 a.m. Central Time: Dow up 115 points. 

Later, 9:11 a.m. Central Time: S&P 500 hits a new record (CNBC: yawn). Dow up 80 points.

Later, 8:58 a.m. Central Time: NASDAQ hits new record; Dow up 72 points. Wow. New highs on the Dow 30: 141.

Original Post

Market: it looks like another nice day for the market. Although, if it plays out as it has historically seems to play out, futures will be green, followed by red by mid-morning, and then flat during most of the day, to remain slightly green, maybe even going red by the end of the day.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here.

Barron's: having said that (this is not an investments site), Barron's, in the current issue, has a list of six publicly-traded companies paying nice dividends. Any of the six are hard to ignore, but one company is particularly interesting. I don't recall all six -- I read the paper at the library yesterday -- but it included Becton Dickinson, J&J, Royal Dutch Shell.

Another trifecta: if futures hold, all three indices could hit new records in June:
  • Washington, DC, at a standstill, massive gridlock 
  • TNTC investigations going on in Washington
  • the debacle in Britain

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