It’s the numbers that count in this crazy world. They can tell stories that words can’t.
Here’s a look at some of the fascinating, infuriating, amusing, depressing, and altogether important numbers that the world has put up on the board recently – and why you need to know them.
$18,816.59 The revenue JPMorgan Chase & Co. (NYSE: JPM) expects to pull in during the time you’re reading this sentence. A full-time worker making the federal minimum wage will make just $15,080 in a year.
54 The average number of months in a bull market since 1950. The current bull market has run for 54 months, since March 2009, and a correction, at minimum, is looking more likely each day.
$7.5 billion The amount of redemptions Bill Gross’ PIMCO Total Return Fund Institutional Class (MUTF: PTTRX) fund paid out in July 2013. The largest fund in the world, Total Return still has $262 billion in assets under management.
6 The number of consecutive trading days the Dow Jones Industrial Average has been on a losing streak. A downturn of 20% or more across multiple indexes for at least two months means a bear market is here.
9 The number of hours journalist Glenn Greenwald’s partner, David Miranda, was detained by London’s Metropolitan Police Service. Miranda was merely transiting London Heathrow Airport on the way home to Rio de Janeiro. Greenwald, an American journalist, facilitated Edward Snowden’s NSA whistleblowing in the UK’s The Guardiannewspaper. Miranda was carrying sensitive materials obtained from Snowden himself. Police seized the materials, while the United States was given advance notice of the plan.
Editor’s Note: We’ve got another number for you – 5 – the number of profit plays our experts delivered in this just-released analysis… get them here.
497 The number of days until 2015, when the People’s Republic of China says the yuan will be convertible and traded in London. The Bank of China’s Li Lihui believes full convertibility is possible by 2025 or 2027, which means the U.S. dollar’s position as the world’s reserve currency of choice could face a serious challenge by that time.
72 The number of consecutive hours worked by Bank of America Merrill Lynch intern Moritz Erhardt, who was just 21 years old when he collapsed and died in his London dormitory this week. Reports from Erhardt’s friends and colleagues suggest he was “encouraged” to work as hard as he did.
0 The number of market-moving Tweets from legendary investor Carl Icahn this week – so far. Last week, one Tweet from Icahn, and one reply from Apple Inc. (Nasdaq: AAPL) CEO Tim Cook – just 43 words, or 256 ASCII characters with spaces – sent AAPL shares soaring to six-month highs.
Bonus: And this week’s magic number…
$7 trillion The sheer amount of wealth created by this 14-mm device…
Tags: daily market trend, daily recap wall street, DJIA, dow, Dow Jones, Economic Indicators, market news, market recap, Stock Market, stock market news, stock market news today, Stock Market Today, this week in numbers, wall st news, Wall Street
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.