General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAny predictions for the Dow today?
Fell -327 yesterday. Some people think it'll rebound, some think it'll continue falling. Down 9 of the last 10 days.
My guess is it rebounds a little, but not a whole lot. We'll see.
Me.
(35,454 posts)so I'm thinking down
mahatmakanejeeves
(57,439 posts)John Pierpont Morgan Sr. (April 17, 1837 March 31, 1913) was an American financier and banker who dominated corporate finance and industrial consolidation in the United States of America in the late 19th and early 20th centuries.
In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric. He also played important roles in the formation of the United States Steel Corporation, International Harvester and AT&T. At the height of Morgan's career during the early twentieth century, he and his partners had financial investments in many large corporations and had significant influence over the nation's high finance and United States Congress members. He directed the banking coalition that stopped the Panic of 1907. He was the leading financier of the Progressive Era, and his dedication to efficiency and modernization helped transform American business. Adrian Wooldridge characterized Morgan as America's "greatest banker".
Morgan died in Rome, Italy, in his sleep in 1913 at the age of 75, leaving his fortune and business to his son, John Pierpont Morgan Jr. Biographer Ron Chernow estimated his fortune at "only" $80 million (approximately $1.5 billion in 2015 inflation-adjusted dollars, or about $25.2 billion adjusted for share of United States 2015 Gross domestic product), prompting John D. Rockefeller to say: "and to think, he wasn't even a rich man."
Yonnie3
(17,437 posts)mahatmakanejeeves
(57,439 posts)Yonnie3
(17,437 posts)Good afternoon.
BTW I've not yet looked at the markets today.
BlueJac
(7,838 posts)yonder
(9,665 posts)ck4829
(35,076 posts)PoindexterOglethorpe
(25,855 posts)(often a fraction of a percent, although yesterday's was a whopping 1.3%) the Dow regains much, sometimes all of what it lost. I simply don't understand why so many people freak out at relatively small changes in the numbers.
Plus, the Dow isn't the only index out there, and the others are doing quite nicely, thank you very much.
Wounded Bear
(58,653 posts)minor upward shift. Couple of hours left, but it doesn't look like it's recovering fully from yesterday's drop.
ooky
(8,922 posts)and a big drop yesterday, so I'm going with up today.