Previous SMW:
SMW for 18 October 2022




AT THE CLOSING BELL ON 18 October 2022


Dow Jones 30,523.80 +337.9 (1.12%)
S&P 500 3,719.98 +42.03 (1.14%)
Nasdaq 10,772.40 +96.60 (0.90%)

Market Conditions During Trading Hours:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

Quote for the Day:

"An injury to one is the concern of all," because the mass of humanity is connected and woven together by such strong ties of self-interest, as well as fraternity, that a calamity to any class or country is felt in some degree throughout the civilized world. This is vastly more true now than it was a half-century ago. Under such conditions as existed then, the doctrine of laissez-faire, that the government should confine itself to the prevention of violence and crime and the maintenance of national honor and integrity, letting alone the industries of the country to develop and operate according to natural laws, was not liable to do harm. But the conditions now are wholly changed. The interdependence of the community involves a moral inter-responsibility, and the time has come when we must recognize this by making it a legal responsibility as well.


Charles Whiting Baker. Monopolies and the People. G. P. Putnam's Sons; The Knickerbocker Press. (c) 1889.