Previous SMW:
SMW for 1 August 2024



AT THE CLOSING BELL ON 1 August 2024


Dow Jones 40,347.97 -494.82 (1.21%)
S&P 500 5,446.68 -75.62 (1.37)
Nasdaq 17,194.15 -405.26 (2.30%)

Market Conditions During Trading Hours:

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Petroleum:

DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

Quote for the Day:

It was finally resolved, without a dissentient voice, that Mr. Aislabie had encouraged and promoted the destructive execution of the South-Sea scheme with a view to his own exorbitant profit, and had combined with the directors in their pernicious practices, to the ruin of the public trade and credit of the kingdom: that he should for his offences be ignominiously expelled from the House of Commons, and committed a close prisoner to the Tower of London; that he should be restrained from going out of the kingdom for a whole year, or till the end of the next session of Parliament; and that he should make out a correct account of all his estate, in order that it might be applied to the relief of those who had suffered by his mal-practices.

This verdict caused the greatest joy.

Charles Mackay. Memoirs of Extraordinary Popular Delusions and the Madness of Crowds. Office of the National Illustrated Library. © 1841, 1852.