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(USA Today)   Dow record of 21 straight Tuesdays with a gain finally ends. Dow CEO's streak of 21 straight Wednesdays of lobster lunches at Wall Street restaurants also comes to a sudden halt   (usatoday.com) divider line 21
    More: Followup, CEO, Wall Street, equity analyst, Britain's FTSE 100, Shanghai Composite, CAC, Federal Open Market Committee, investment strategist  
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312 clicks; posted to Business » on 06 Jun 2013 at 11:16 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-06-06 10:18:14 AM
it was a good run and made me a bunch of money.  but it may be over.
 
2013-06-06 10:20:20 AM
Those DOW CEO's won't alter their habits in any way whatsoever.
 
2013-06-06 10:41:53 AM
See, sacrifices? At this rate they'll be reduced to wearing nutria.
 
2013-06-06 10:42:36 AM
why? the markets make money off transaction fees and other what nots. The actual value of the market is not what they get paid for!
 
2013-06-06 10:57:36 AM
This sounds like one of those "records" that ESPN will dig up just to have something to talk about late in a boring game.
 
2013-06-06 11:20:47 AM
img.photobucket.com

/oblig
 
2013-06-06 11:52:53 AM
Dow record of 21 straight Tuesdays with a gain finally ends. Dow CEO's streak of 21 straight Wednesdays of lobster lunches at Wall Street restaurants also comes to a sudden halt
See I fold you Obama Agenda 21 would destroy or economy
 
DGS [TotalFark]
2013-06-06 12:18:40 PM
No, I'm pretty sure the lobster lunches aren't hindered at all. For them, at least.
 
2013-06-06 12:52:51 PM
1.  Lobsters are cheap.
2.  Rich people eating lobsters is an outdated stereotype (see #1).
3.  I'm not sure why CEOs would be commuting to Lower Manhattan from places like Benton, AR every Wednesday to get lunch.
 
2013-06-06 01:11:42 PM

SlothB77: it was a good run and made me a bunch of money.  but it may be over.


Doubtful. I'll start worrying when people (meaning vast majority of stock articles) start doing the "omg, the gains will never end!" bit. As long as everyone is convinced the sky will fall down at any moment, the stock market is safe. I think gains will skyrocket once we get past the student loan problem, but even as far as that goes, I don't think student loans will burst like the housing market did, because you can't default similarly, and most of the loans are held federally, not privately (afaik--but I do know there are vast differences between the housing bubble and the student loan situation). The depressed economy will be the result of having all that income tied up in loan payments instead of circulating through the rest of the economy by purchasing other goods and services. Solve that, and the Dow could hit 20K by 2020 easy. The more realistic side of me says that we're just in a long-term underperforming economy, and that just means it's a good bargain to sink money into. A similar analogue would be 1940s-ish U.S. after the Depression, but we don't have the benefit of the full-on war machine to pull the economy up.

I'm playing a 100-year game. These are small beans.
 
2013-06-06 01:16:49 PM

Rapmaster2000: 1.  Lobsters are cheap.
2.  Rich people eating lobsters is an outdated stereotype (see #1).
3.  I'm not sure why CEOs would be commuting to Lower Manhattan from places like Benton, AR every Wednesday to get lunch.


The headline specifically mentions only one CEO. The Dow Jones & Company headquarters is only about 4-5 miles from Wall St. Not an outrageous distance to travel for lunch.
 
2013-06-06 01:23:52 PM
I'm a simple masturbater and not a statistician, so what are the odds of flipping a coin and it ending up on tails 21 times in a row?
 
2013-06-06 01:27:33 PM

max_pooper: Rapmaster2000: 1.  Lobsters are cheap.
2.  Rich people eating lobsters is an outdated stereotype (see #1).
3.  I'm not sure why CEOs would be commuting to Lower Manhattan from places like Benton, AR every Wednesday to get lunch.

The headline specifically mentions only one CEO. The Dow Jones & Company headquarters is only about 4-5 miles from Wall St. Not an outrageous distance to travel for lunch.


True, but my limo is usually being washed at lunch.  I guess I could take a cab... how much is a 5 mile cab fare?  Can't be more than $200, right?  I'll just give him $300 to be safe.

/but seriously, is there is some significance to the Tuesday thing that I don't get?
 
2013-06-06 01:38:06 PM
Does anyone else get the urge to firebomb Wall Street every time one of these articles shows up? Totally irrational, I know, but I can't help it.

/my eye is twitching.
 
2013-06-06 01:43:48 PM

max_pooper: Rapmaster2000: 1.  Lobsters are cheap.
2.  Rich people eating lobsters is an outdated stereotype (see #1).
3.  I'm not sure why CEOs would be commuting to Lower Manhattan from places like Benton, AR every Wednesday to get lunch.

The headline specifically mentions only one CEO. The Dow Jones & Company headquarters is only about 4-5 miles from Wall St. Not an outrageous distance to travel for lunch.


I don't come to Fark to read articles.  I come to disseminate my trenchant insights into the field of cat pictures.
 
2013-06-06 02:32:05 PM
These high gas prices are the reason I am not going anywhere this summer.

Midwest is paying more than Alaska and Hawaii.
 
2013-06-06 06:48:58 PM

SomeoneDumb: I'm a simple masturbater and not a statistician, so what are the odds of flipping a coin and it ending up on tails 21 times in a row?


50/50, just like downtown.
 
2013-06-06 11:54:20 PM

SomeoneDumb: I'm a simple masturbater and not a statistician, so what are the odds of flipping a coin and it ending up on tails 21 times in a row?


(1/2)^21 = about 1:2000000

But keep in mind that if you don't care which day of the week this happens, you improve your chances fivefold...basically if you're looking for a record you can always find one
 
2013-06-07 12:03:28 AM

ajgeek: Does anyone else get the urge to firebomb Wall Street every time one of these articles shows up? Totally irrational, I know, but I can't help it.

/my eye is twitching.


I'm more of a samurai sword rampage guy.
 
2013-06-07 12:19:11 AM
kithfans.com
 
2013-06-07 09:02:44 AM
There is no restaurant on Wall Street that serves lobster.
 
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