STOCK MARKET WATCH -- Friday, 8 April 2022

[Tansy_Gold]

STOCK MARKET WATCH, Friday, 8 April 2022

Previous SMW:
SMW for 7 April 2022




AT THE CLOSING BELL ON 7 April 2022


Dow Jones 34,583.57 +87.06 (0.25%)
S&P 500 4,500.21 +19.06 (0.43%)
Nasdaq 13,897.30 +8.48 (0.061%)

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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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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.

[bucolic_frolic]

1. 2 days up, 2 days down.

Not made beans this week. Jump and trend markets every day. Every move retraced in a few days.

[bucolic_frolic]

2. And I might add a word on garbage

In the early 1980s, about '84 I think, I scoured the entire NYSE in the NY Times for ... well, I didn't know what I was looking for back then. Something cheap. I noticed Mexico Fund, MXF. I mentioned it to my dad, and said, it's 2 bucks, what more do you need to know? "No!", he said. This was an era of collapsing oil prices. I didn't buy it. MXF went on to be a somewhat stellar investment over th next 30 years, soaring to $30 at one point and paying dividends. In 1984 it was beaten up, no one would touch Mexican investments.

I'm noticing this morning that some eastern Europe funds are beaten up. A well respected mutual fund company's offering is down more than 80% THIS YEAR. I know risk, risk, risk, and you might wait decades. And I likely won't go for it. But for some investors beaten up assets are a no-brainer.

[progree]

3. Ughh, for diversification sake, on steroids, I have a considerable percent in emerging markets

which have been beaten up in recent times by Chinese stocks, and now am sad to see that east European ones are being beaten up as well.

noticing this morning that some eastern Europe funds are beaten up. A well respected mutual fund company's offering is down more than 80% THIS YEAR.

So I looked at my emerging market funds -- fortunately, VEMAX (Vanguard Emerging Markets) hasn't done too bad year to date: down 6.26% YTD .

The other, iShares Asia 50 ETF (AIA), down 6.74% YTD

Not terribly horribly worse than the S&P 500 index fund VFIAX: down 5.46% YTD.

Using Yahoo Finance historical quotes, adjusted by distributions (i.e. total return), e.g. https://finance.yahoo.com/quote/vemax/history

I was bracing for a lot worse.