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Tansy_Gold

(18,041 posts)
Mon Jun 10, 2024, 03:33 PM Jun 2024

STOCK MARKET WATCH: Tuesday, 11 June 2024

STOCK MARKET WATCH: Tuesday, 11 June 2024



Previous SMW:
SMW for 10 June 2024




AT THE CLOSING BELL ON 10 June 2024


Dow Jones 38,868.04 +69.05 (0.18%)
S&P 500 5,360.79 +13.80 (0.26%)
Nasdaq 17,192.53 +59.40 (0.35%)





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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:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


Petroleum:



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Quote for the Day:

The first painful adjustment will be to a lower standard of living – or at least far lower than we anticipated. Behavioral research shows that losses are more painful than gains are pleasurable. Most people won't take a bet that gives them an 85 percent chance of doubling their life savings and a 15 percent chance of losing them. In a similar vein, most of us put a higher premium on the cost of giving up something than we do on receiving an item in the first place.

Robert B. Reich. After-Shock: The Next Economy and America's Future. Alfred A. Knopf. © 2010.





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.

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STOCK MARKET WATCH: Tuesday, 11 June 2024 (Original Post) Tansy_Gold Jun 2024 OP
So I hear Joe Biden's DOE does some oil trading to stabilize the range of oil prices bucolic_frolic Jun 2024 #1

bucolic_frolic

(46,561 posts)
1. So I hear Joe Biden's DOE does some oil trading to stabilize the range of oil prices
Mon Jun 10, 2024, 08:04 PM
Jun 2024

and he's making fat profits from it!

Oil companies are happy, prices won't ever be $1.79 again, but they also won't be $8 in this decade at least.

By doing this won't there be fallout for the business cycle? Boom-Bust was an oil phenomenon. This could have implications for job stability too, as well as geopolitical conflict.

If economic information becomes instantaneous worldwide, we're almost there, will there be anything left to exploit? How do you make money when profits are driven to zero?

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