I used to trade stocks, now I trade futs. P.S. We're gonna see a disappearing act again on his thread, LOL. (I just couldn' resist.)
I currently trade option contracts on stocks, stocks are boring but that's my personal opinion. Yet again options will either magnify gains or losses; basically a double edged sword. I don't know much about trading future contracts, but if I did learn about trading future's I'd probably trade E-mini S&P 500 and Dow futures. Possibly crude oil and that's about it. What kind of future contracts do you trade?
I want to laugh, but I don't get the joke. What do you mean by disappearing act? Sorry, I have a horrible sense of humor.
The Dow Jones has also been subject to such fluctuations that is why a lot of companies have been taken off the market index. For instance, AIG, US Rubber, and General Motors. I cringe every time someone says the market will return a trader 10% compounded a year based upon the Dow index because it clearly isn't true because even the most selectively chosen companies to represent the most popular index that a lot of investors worship, also falls prey to the 99% failure rule. Thus the 10% is inflated making it look appealing to the novice who wants an easy shot at retirement but fails because it turns out that reality is harsh, and the financial industry is full of lies to bring in a fresh crop of losers just like the kings of Egypt needed a fresh pair of workers to build the old pyramids when the current workers were to old and weak to work.
Here's evidence to support my claim. July 3, 1884 DJIA First Composite: Chicago & North Western Delaware, Lackawanna & Western Lake Shore Louisville & Nashville Missouri Pacific New York Central Northern Pacific pfd. Pacific Mail St. Paul Union Pacific Western Union Do you recognize any of these companies on the current DJI average. The answer is obviously a big fat no. June 8, 2009 DJIA Current Composite: 3M Company Alcoa Incorporated American Express Company AT&T Incorporated Bank of America Corporation Boeing Corporation Caterpillar Incorporated Chevron Corporation Cisco Systems, Inc. Coca-Cola Company DuPont Exxon Mobil Corporation General Electric Company Hewlett-Packard Company Home Depot Incorporated Intel Corporation International Business Machines Johnson & Johnson J.P. Morgan Chase & Company Kraft Foods Inc. McDonaldâs Corporation Merck & Company, Incorporated Microsoft Corporation Pfizer Incorporated Procter & Gamble Company The Travelers Companies, Inc. United Technologies Verizon Company Wal-Mart Stores Incorporated Walt Disney Company Information comes from a primary source. This link is for the DJIA homepage. http://www.djaverages.com/ the direct link to where I got time line information is: http://www.djindexes.com/mdsidx/downloads/DJIA_Hist_Comp.pdf
and it seems that I was correct Second round The market will go down tomorrow let's see if I am right