STOCK MARKET WATCH -- Thursday, 12 May 2022

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 12 May 2022

Previous SMW:
SMW for 11 May 2022




AT THE CLOSING BELL ON 11 May 2022



Dow Jones 31,834.11 -326.63 (1.02%)
S&P 500 3,935.18 -65.87 (1.65%)
Nasdaq 11,364.24 -373.44 (3.18%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Tech stocks are beginning to feel like 2002 all over again

If you remember Lucent, you weren't a jumper

[Tansy_Gold]

3. some of us have been here

and I mean RIGHT HERE

since 2002 and before.

Watching.

Watching.

Waiting.

[DemReadingDU]

5. a long time

where is that bloodbath picture?

edit to post the link, not sure how to post the image

" https://www.flickr.com/photos/51035610542@N01/478687926 "

[Tansy_Gold]

6. Link didn't work??

I don't remember how to post pics either, and I had completely forgotten the bloodbath!

[DemReadingDU]

7. copy the entire link starting from the h and ending with last number 6, but don't copy the quotes

post in a browser and the picture should display

[Tansy_Gold]

8. GOT IT!

Thanks!

[progree]

2. At Wednesday's close, S&P 500 is down 18.0% from all-time-high, close to bear market 20%

It's down 18.0% from the all-time-high close of 4797 on 1/3/22
(bear markets begin at 20% down)

but S&P 500 still 3.6% above slobfather's last close, Jan 19, 2021

S&P 500 closing values:
1/19/21: 3799
5/11/22: 3935

And this doesn't count dividends (that was about 1.4%)

but one of our talking points is gone.

[progree]

4. If invested at the peak before the dot-com crash, still would have earned a 6.35% annualized

average return in the U.S. stock market, as measured by the Vanguard Total Stock Market Index Fund VTSMX. A $10,000 account would have grown to $39,069 during that 22.13 year period.

Despite suffering thru 3 major crashes: the dot com crash, the housing bubble crash, and the pandemic crash.

This when investing at the very worst time. Investing at any other time either before or after would have gained a better average annualized return for any 10 year or longer time period with an end point of today, May 11.

https://finance.yahoo.com/quote/VTSMX/history
The pre-dotcom crash peak of this fund was 3/23/2000
Using the Adjusted Close which includes the dividends and other distributions.

(The last data as of this posting on VTSMX is 5/10/22. I multiplied by the ratio of the S&P 500 between May 10 to May 11 to get an estimate of what VTSMX will be on May 11 when posted.)