Vocab
1. Explain the number of the Dow Jones (up or down) where does the number come from? An indicator of stock market prices.
Ex: The
Dow Jones read down 2.34% today because most companies were losing a little bit of money.
2. What is the S and P 500? The standard and poors 500 and the index made up of 500 different stocks and its the bench mark of the overall market.
Ex: The
S and P 500 is at an overall gain today of $200.
3. What is the Russekk 2000? The Index measuring the performance of 2000 small companies.
Today the
Russekk 2000 read an overall gain in income of 5.67%
4. Treasury Bond- A fixed interest loan from the government that has a maturity of over 10 years.
Ex: I bought a
treasury bond with 1.5% interest today to hopefully earn triple what i bought it for in ten years.
Journal
From the very start i had decieded that Nike was just a trade for me because i bought it when it was in the lower part of the 52 week range at $ 87.32. I knew with all the sports and holidays coming that it would be a good stock to buy into for a short period of time. This week i decided to short sell Nike. I thought this would be a good idea because I am losing money and there is basketball season around the corner. I believe that with the up coming sports season this stock will go up atleast 5 dollars and I will be earning my money back. More and more people will be buying into this stock because they price will be so good and that will cause the price per share to go up. I bought Nike for $ 87.32. Already over the course of the last month this price has gone up to $ 92.97. I believe that as the sports season gets closer this price will continue to rise at a steady pace until it gets to about $95.00, which is the max for the 52 week chart.