Thread FULL - U.S. Stock Market - Use New Thread!
- JenL_3
- Jaybird248
- DennisL
- KirkL
- DennisL
- JenL_3
- RandeS
- JenL_3
- JenL_3
- TONYBRIG
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» JenL_3 - Dennis...
...Good article...I especially liked the closing remarks...The 1999 market has developed bellies to go with its possible bubbles. It has become bimodal as well as bipolar. Performance this year has been concentrated in the same tech names we love to love if we own them and love to hate if we don't. But it has been supplemented by emerging performance at the other end of the scale as energy, basic materials, and capital goods stocks have shown double-digit life. All others -- consumer stocks, financials, health care, transports and utilities -- just lie there.
The future may indeed be unlimited for the creators of a Net-enabled, Web-enhanced, always-on, point-to-point wired world. One can concede that argument -- and still experience a sense of dread at the narrow formation which this market has gotten itself into.
....Jen
-- posted by JenL_3
» Jaybird248 - Age of the Brand
It's not surprising that only a few S+P stocks account for the bull's share of the gain. This is true in any consumer market (and that's what today's investor community is becoming), where a few known brands predominate and the rest lag far behind. If you want to understand today's markets, think marketing, not investing.If you want to extend that logic, those known brands continue to take market share until they run out of market, price themselves out of contention, or fail in their operations or products to beat or match competitive innovation. At that time, they become vulnerable. Want an example? Think IBM, ATT before their recent restructurings... or Xerox right now!
-- posted by Jaybird248
» KirkL - Wow! 31% higher in under 15 months!
Dennis.Did you notice that JoeB is calling for a 15.6% gain in the S&P500 for 2000 after closing 1999 at DJIA 12,000!
Is THAT ever bullish!
(12000-10562)/10562= 13.6%!
1.136x1.156 = 1.313 so Joe B is expecting to be about 31% higher on New Years Day 2001!
Even I find that very bullish but I won't give the points back if he turns out to be right! 8)
-- posted by KirkL
» JenL_3 - Any Guesses?......
....about the meanings for:Annuit Coeptis
Novus Ordo Secorum
E Pluribus unum
Here's some hints:
<img src=" http://www.geocities.com/WallStreet/Dist..." width=400 height=148>
When in doubt....ask Jeeves:
......Jen
-- posted by JenL_3
» RandeS - Jen,
Jen,Jeeves? Who needs Jeeves? The Latin words above the pyramid, Annuit Coeptis, mean "He has favored our undertakings." The Latin phrase beneath the pyramid, Novus ordo seclorum, means "new order of the ages." The eye represents the eye of Providence, and a light around it illustrates "spiritual above material." The pyramid is unfinished, signifying that this country needs to grow and build. E Pluribis Unum, of course, means “one out of many” (or, “out of many, one”). Now, let’s hear from the consipiracy theorists who believe the Masons are in control of everything, even our currency.
-- posted by RandeS
» JenL_3 - Rande ....
...gets a <img src=" http://www.geocities.com/WallStreet/Dist..." width=34 height=35>
Now for anyone else that's interested - Here's the story behind the symbols on the back of the greenback:
The Great Seal of the United States
The first currency note to have the Great Seal of the United States as part of the design was the $1 Silver Certificate, Series 1935. The seal has appeared on the reverse (green) side of all $1 notes since then.
In 1776 the Continental Congress appointed Benjamin Franklin, Thomas Jefferson, and John Adams to arrange for the preparation of a seal for the United States of America. This committee and two other committees labored over the design for six years. The third committee enlisted the aid of William Barton, the son of a Philadelphia Episcopal clergyman and an authority on heraldry. Barton created two designs, one of which was simplified by Charles Thompson, Secretary of Congress. Congress adopted the design in 1782.
The face of the seal, on the right-hand side of the bill, shows the American bald eagle with wings and claws outstretched. Above the eagle's head is a glory, or burst of light, containing 13 stars. (The number 13 represents the original 13 states.) The right claws hold an olive branch with 13 leaves, representing peace, and the left, a bundle of 13 arrows, symbolizing war; the eagle's head is turned toward the olive branch, indicating a desire for peace. The shield (with 13 stripes) covering the eagle's breast symbolizes a united nation. The top of the shield represents Congress; the head of the eagle, the executive branch; and the nine tail feathers, the Supreme Court.
A ribbon held in the eagle's beak bears the Latin mottoz, E Pluribus Unum (13 letters) , which means "out of many, one."
<img src=" http://www.geocities.com/WallStreet/Dist... " width=106 height= 103 >
The back of the Great Seal, on the left-hand side of the bill, depicts a pyramid, a symbol of material strength and endurance. The pyramid is unfinished, symbolizing a striving toward growth and a goal of perfection. Above the pyramid a glory, with an eye inside a triangle, represents the eternal eye of God and places the spiritual above the material.
At the top edge is the 13-letter Latin motto Annuit Coeptis, meaning "He has favored our undertakings."
The base of the pyramid bears the Roman numerals MDCCLXXVI (1776). Below is the motto Novus Ordo Seclorum, "a new order of the ages."
<img src=" http://www.geocities.com/WallStreet/Dist... " width=104 height=99 >
From:
http://www.frbatlanta.org/publica/brochu...
.....Jen
-- posted by JenL_3
» JenL_3 - Will MSFT be Part of the Dow?
This from 10/24 SeattleTimes.com:by Greg Heberlein
(some excerpts)
...on Dec. 1, shareholders of Union Carbide vote to accept a buyout offer from Dow Chemical (no relation to Dow Jones). If two-thirds approve the proposal, and assuming clearances arrive from various regulatory bodies, Union Carbide will step down from the august Dow Jones industrial average.....
....Only five stocks from the Oct. 1, 1928, Dow remain there. Besides Carbide, they are Exxon (then Standard Oil), General Electric, General Motors and Sears.
When Dow Chemical completes its acquisition of Union Carbide, the folks at Dow Jones could ask the new combined Dow Chemical to take Carbide's slot in the Dow. But that doesn't make sense. Dow Chemical and Carbide are a part of the older industries whose portion of the economy continues to decline. The combination's total market value - shares outstanding times stock price - will equal only $32 billion, less than a tenth of Dow component GE.
The obvious choice, really the only choice, for Dow Jones is Microsoft. Some say Intel, the supreme chip maker, would be a good choice. Intel is half the size of Microsoft.
In fact, Dow Jones, here's a fact to munch on: Microsoft is the world's highest-valued company. It is No. 1, e numero uno. And second is a long way back. How smart is it to have a supposed premier stock index and exclude the world's biggest company? That's ignorant. Start the 21st century the right way.
Dow Jones had a chance in 1997 to consider the same choices. Microsoft was only No. 2 in the world at that time. In a major index reshuffling on March 12, 1997, Dow Jones added Hewlett-Packard ($76 billion in market value now), Johnson & Johnson ($133 billion), Travelers Group (acquired by Citicorp and now a Dow component with $155 market value) and Wal-Mart ($235 billion). Subtract Citicorp's, now Citigroup's contribution and you would have a market value for all four companies less than the $470 billion Microsoft sports.
The Dow caretaker is The Wall Street Journal's managing editor. That is Paul Steiger. Let's here what Paul says about how Dow components are selected:
"The stocks are chosen as representative of the broad market and of American industry. The companies are major factors in their industries and their stock is widely held by individuals and institutional investors."
Let's see, is Microsoft a representative of the broad market? It may be the world's most widely held stock. More than 5.1 billion shares are in the world's hands, far and away more shares than any current Dow component possesses. It dominates its own industry and through acquisitions and partial ownerships, a few others. With the dominance of high technology, it is incumbent on Dow Jones to tack on the biggest tech name of all.....
.....Jen
-- posted by JenL_3
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