Archive for July, 2007

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Tuesday, July 31st, 2007

The value of a drink …


This is not a financial story, but there is at least anecdotal evidence of a strong link between nervous stock markets and the excessive consumption of alcohol. I thought I would share this with you to provide some light relief in the otherwise serious world of finance.
“Sometimes when I reflect back on all the wine [...]

3 Comments » - Posted in Humor by Prieur du Plessis
Sunday, July 29th, 2007

Dow’s 520 point two-day loss: correction or calamity?


“Down, down, deeper and down”. So goes the chorus of a Status Quo song, but it is eerily starting to sound like the stock market’s anthem.
When writing an article on Thursday’s 312 point drop in the Dow Jones Industrial Index I did not quite contemplate market circumstances requiring a sequel so soon thereafter. But alas, Thursday’s [...]

3 Comments » - Posted in Business, Economy, Equities, Finance, Investment, Markets, Money, Stocks by Prieur du Plessis
Friday, July 27th, 2007

How serious is a 312 point market decline?


On the face of it yesterday’s drop of 312 points (-2.3%) in the Dow Jones Industrial Index is scary stuff. The chart below tells the sorry tale.

But just how serious is this decline from a historical perspective?
Since the start of the Dow in 1896 we have seen a drop of more than 312 points on 15 occasions. [...]

7 Comments » - Posted in Business, Economy, Equities, Finance, Investment, Markets, Money, Stocks by Prieur du Plessis
Wednesday, July 25th, 2007

Gold: rays of glitter in a murky environment


Just when everybody thought gold bullion was down and out and embarking on a downward spiral, the shine returned. Even erstwhile gold bug Richard Russell started favoring the Dow stocks over the yellow metal, but more about that later.
Since my last, somewhat upbeat, article on gold bullion and gold stocks about five weeks ago they have [...]

1 Comment » - Posted in Commodities, Economy, Equities, Finance, Gold, Investment, Markets, Money, Stocks by Prieur du Plessis
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