STOCK MARKET WATCH -- Friday, 3 February 2023

[Tansy_Gold]

STOCK MARKET WATCH, Friday, 3 February 2023

Previous SMW:
SMW for 2 February 2023




AT THE CLOSING BELL ON 2 February 2023


Dow Jones 34,053.94 -39.02 (0.11%)
S&P 500 4,179.76 +60.55 (1.47%)
Nasdaq 12,200.82 +384.50 (3.25%)

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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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Quote for the Day:

Industrialism seemed to such men to have destroyed the traditional relationships among men and to have exposed the basic irrationality of human nature. There were others, like Karl Marx and Friedrich Engels, who were also concerned with the "alienation" of man from his society, but they continued to hold to a belief in man's basic rationality. Hitler, needless to say, was not the heir of this tradition.

George L. Mosse. Nazi Culture: Intellectual, Cultural and Social Life in the Third Reich. University of Wisconsin Press. (c) 1966

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. Beware Euphoria

Seems it has some room to run, but +3% a day on many stocks, even in a reflating paradigm, is a bit much to expect. Tech has been on fire. What was junk a month ago is up 35%, and don't even mention META, NKE.

[Warpy]

2. Mosse has a genius for understatement

One reason male workers didn't get completely alienated from society is that they had wives and children. Most of them also got dragged into the community afforded by churches one day a week. If they weren't anchored by these things (and even if they were, some of them) their only alternative was the saloon, something not terribly compatible with a continued work life.

Women factory workers, if they didn't live with their parents, were practically cloistered by mill owners, who didn't want pregnant workers shaming them. Yeah, that's how they thought about it. Women workers who got married were out the door immediately, off to do all the unpaid donkey work marriage entailed.