STOCK MARKET WATCH -- Thursday, 22 June 2023

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 22 June 2023

Previous SMW:
SMW for 21 June 2023




AT THE CLOSING BELL ON 21 June 2023


Dow Jones 33,951.52 -102.35 (0.30%)
S&P 500 4,365.69 -23.02 (0.52%)
Nasdaq 13,502.20 -165.10 (1.21%)

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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:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

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

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Quote for the Day:

As with most intellectual breakthroughs, the exact origin of the concept of credit derivatives is hard to pinpoint.

Gillian Tett. Fool's Gold: How the Bold Dream of a Small Tribe at J. P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe. Free Press. © 2009.

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.

[Warpy]

1. Your quote

Probably a brokerage or large hedge fund TGIF party, bunch of drunks talking shop, somebody who was less drunk overheard them and pitched the idea and the credit derivative was hatched.

What could possibly go wrong?

[Tansy_Gold]

2. I considered posting the whole page from this book

but decided that sentence could stand alone.

Basically, that's what it was: a bunch of Wall Street dudes got together at a posh Florida resort and hatched their nefarious plan.