This year rang in $100 a barrel oil and the stock market isn't doing any better. Today Tuesday Jan 8, 2008 was a bad one for wall street the stock tumbled as all of these investors are scrambling and running cashing in stock and resorting to more after, and less riskier means of investing. Home sales are sinking even further and there are a number of homes up for sale, and the numbers keep climbing. The outlook for 2008 as far as the market goes in my opinion is "recovery'' Credit card debts has leaped to a 6 month high.
OK every time it is a term that I have been hearing over and over in the world of business and I have never exactly figured out what it really was. The Dow Jones industrial average. I will educate everyone who reads this blog as well as my self The Dow Jones Industrial Average is the best known U.S. stocks that trade on the New York stock exchange. The Dow Jones is the most widely recognized and known market indicator in the world. Of the stocks that are weighted on the Dow are 30 blue chip stocks that are from various industries, and the Dow represents approximately 15% to 20% of all NYSE stocks. The Dow Jones average was invented by Charles Dow back in 1896.
NASDAQ is another term that I hear very often on the CNBC all the time. The NASDAQ is a composite index of all NASDAQ domestic and U.S. based common stocks listed on the NASDAQ. The NASDAQ dates back to 1971 who invented is another question hopefully I will find out in the future! This is another market indicator but the NASDAQ is mainly used for technology stocks making it not so reliable to be a good indicator for the market as a whole.
The S&P which stands for Standard and Poor is a market indicator that consists of 500 stocks chosen for market size, liquidity, and industry grouping and also a number of other factors. The companies that have been selected for the S&P are selected by the S&P index committee comprised of economists and analysts. For a host of information definitions, acronyms, abbreviation and other business information I would suggest one go to http://www.investopedia.com/ it has a wealth of information!
Books recommended- Rich Dad Poor Dad by Robert Kiyosaki.
The Age of turbulence by Alan Greenspan (Former Federal Reserve Chairman)
Quote: The secret to business is to know something that nobody else knows- Aristotle Onassis