stock market history in 15 minutes

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dow poised to open over 20000 in a few minutes.

tune in to cnbc for this historic event!

Not really. *Correction* The DOW index will open at what it closed at yesterday (19912.71).....and possibly climb to 20k.

yes.

done

This market is going to continue its upward trend for a bit while participants continue to soak in the Trump deregulation trade.

GDTRFB, what you wrote is incorrect. The dow opens at the level established by the bids/asked of the individual components of the index at the time the market opens for trading. The DJIA opened at 19,994.48.

Well we all have an opportunity to control your finances or squeeze out a little more....personal choice 

Nobody is right or wrong....people go nuts when they get a raise, win on a lottery ticket or find $20 on the street but sometimes fail when thousands flow out of their account and are fine with it

I am not so sure about that, Lassen, but you may be correct in a sense. The bids/asks determine where the index goes immediately after opening but it still technically opens where it closed the prior day/session. At any rate, it did not/will not open at or above 20k until it closes at said point(s).

Splitting hairs I suppose.

Lassen is correct. An index or stock can open trading above the previous close.

OK, it has been a few yrs since I worked @ CBOE (when DOW was struggling to break 5k!) and I most certainly may be rusty on the more intricate details too.

Then why do markets even open or close? For any stock price to actually change there have to be willing/able buyers & sellers on both sides of a transaction when said market is open, right? Even after-hours trading is mostly reconciliation from the previous session?

Wouldn't that sort of be like standing outside of a closed grocery store saying you just paid $5.97 for a pound of beef today when you actually did not/could not until it opens?

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Obama fell ass backwards into the market bottom.....everyone already jumped out...how much lower could it have gone

Opening stock prices are based on supply and demand for the stock. For example, If the stock for a biotech company closes at $10/share, and after the market closes the company announces they discovered a cure for cancer, it's conceivable the new price level established based on this news could be  $5,000/share, without the stock trading between those two prices. Market participants would simply adjust their prices based on where they think the stock is now worth along with where competitors are bidding/offering stock at.

Also, there will be pre-market trading that will be a pretty good indicator of where the market will open.

I don't know if i answered your question or not.

 

Cap. Trips, the dow continued to fall until March 2009, eight years later it sat at 19887.

Thanks Lassen - I get all that, agree, and understand it but at the same time, despite all the data crunchers and good minds grinding away at it and speculating prices, nothing changes until a buy-sell transaction actually happens when the market is open for business, right? After all, the DOW is merely a sum collection of stocks, more importantly their actual transacted and current prices - which is basically an after-affect of what did happen or is currently happening...right?

Like I said, sort of splitting hairs on the technicalities but I think we generally 'look at it right' ;)

Man you folks know some stuff!  Its the unknown that scares me. Is this just an optimistic bump?  Lets see where we are in a year or two. Its my impression that markets like stability. slow and steady lasts and everyone benefits. Im fearful that misguided practices led by an extremely unstable person (and his klan of loonies)  will drive the world economy into the shitter. But hey, we voted him in so lets see what happens, maybe Im just misguided about stability. I stand to lose everything, retirement fund based on the market, social security, low interest loans etc. Im at an age where I wont have time for the market to "correct itself" should things go south. Maybe they wont. Do y'all think the markets and economy will keep on growin over the next 4 years?

I remember a particular zoner in the finance biz saying 10 years ago that "buy and hold was dead". Scared me a bit at the time. 

Dollar cost averaging indices seems to work pretty well for me.

Hey your $ and your choice.....for whatever reason I think we will be talking down the line about why the market dropped so much, 10% correction is 2000 points on the dow now. Hope you all do well

The best thing for our economy would be a robust adjustment in the stock market.

We need a 10+% drop in the market to keep interest rates down. Increasing interest rates will be the beginning of the end of any Trump bump.

>> Hey your $ and your choice.....for whatever reason I think we will be talking down the line about why the market dropped so much, 10% correction is 2000 points on the dow now. Hope you all do well

I think it's overvalued also, but I don't time the market. I'm ~15 years from retirement, so I could care less what happens in the short term. 

Good luck to you also.

That's a cunt hair above 19999.99999999