Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 9 July 2013 [View all]A HERETIC I AM
(24,369 posts)this very basic misunderstanding on the part of the poster "marybourg", but the "SMW" welcome mat never fails to slap the living shit out of a newcomer.
One way to handle it would have been to politely inform her that what she was looking at were not in fact total return numbers for the DJIA, but in fact daily changes in the YIELD of the ten and 30 year Treasury bonds (NOT "prices" as tclambert said above, an important difference).
Another would have been to give a pleasant "hello and welcome" kind of thing and if you weren't sure what the numbers meant and their significance (which is painfully obvious you don't have the slightest clue) you could have followed that up with "give me (us) a little time and I'll (we'll) get an answer for you".
Between you and your snarky response about names in red letters and Fuddnick with his oh, so gracious "Go someplace else with spam and you won't encounter any naysayers. Try Jonestown, they're gullible" greeting, this thread has once again proven, without a shadow of a doubt, that it is the most close minded, unwelcoming regular feature on the entirety of Democratic Underground.
Hells bells, all she did was post a link to a page on the Vanguard website and you think she is selling (you used the word "Shilling, a lovely, backhanded insult if there ever was one) fucking Mutual Funds! And to top it off, you profess to scold like a put upon school marm. Get over yourself already.
As the Original Poster of a daily thread, perhaps it's time you learned the difference between yield, price and coupon on a bond and how to read a bond quote, not to mention the meaning of the rest of the information you copy and paste on a daily basis. After all, it is information YOU put up every day. One would think by now you would know what the hell it is you are posting about.
The regulars of SMW have shown once again, and staying true to form, that if a new person dares venture into this thread and does not toe the accepted line - that it is all a scam, the market going up is not good, the market should be down and nothing good ever comes of it - then they are insulted, harassed, ridiculed and run off. I just don't understand why you haven't petitioned Skinner to create your own secret little forum so that the 12 or fifteen of you regulars can commiserate without fear of an interloper.
You folks continue to put yourselves up as the only truly knowledgeable people on DU when it comes to the markets and how things work, yet it is clear and has been made clear time and time again over the years that most of you don't know the difference between Common Stock, Preferred Stock and livestock, you don't understand the mechanics of trading, be it on an exchange or OTC and every time the market changes direction is has to be "Fairies" because...well....you haven't any bloody idea, so it must be fairies.
This thread has been a mockery for years now. A joke. And every time you folks do to a new poster what you did to marybourg today, you prove what a joke this thread truly is.
Ever wonder why none of the dozen or so DU'ers who are actually in the securities business or are Financial Professionals ever post in here? (Edit to say; meaning post in order to try and contribute)
It's because they, like me, realize it is pointless.