They Didn't Ask Me (dr_phil_physics) wrote,
They Didn't Ask Me



Just yesterday morning we were talking to our financial guy, and he made a comment about the Dow. And I pointed out I haven't been following it in a while -- was it still over 16,000?

Well, NPR just reported that yesterday's pre-holiday session had the Dow Jones Industrial Average exceed 17,000 for the first time.

That means we're all rich, the economy is humming along with full employment, the tax coffers are overflowing so we're fixing all our infrastructure this summer...

Yeah, it doesn't necessarily mean all that much. The 20 industrials in the average change over time, so it's not even the same average, but then how could it be? Still, it is a milestone.

Back in junior high, I had a social studies economics course with Mr. Ceretta. We did a project where we had X number of fake dollars and we invested in the stock market over several months. One thing that helped was the Dow going over 1000 the first time -- I made a killing, mainly because I was heavily into railroads, including the bankrupt Penn Central. It's stock kept going back and forth between 4 and 5, and with no fees in our calculations, I'd buy low and sell high every couple of days.

Yeah, making money on Wall Street does not have anything to do with financing the engines of industry.

Oh well. 17,000. It's a number.

Dr. Phil

  • Slow Food

    This flu started out with a stomach upset. And roughly ended with same. Today was the first day I ate a meal without feeling bad. Of course, the…

  • blergh...

    Long weekend. Friday and Saturday night, little sleep. Sunday morning I emailed Mrs. Dr. Phil at 6:20am not to bother to come in. I wouldn't be any…

  • House Arrest

    Well, we're in lockdown mode here at Fuller due to the flu. They did nasal swabs and the first results were negative save for one. But it sounds like…

  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.