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Investment Strategies / Mechanical Investing
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Author: mechinv   😊 😞
Number: of 3956 
Subject: Dow hits record high
Date: 09/17/2024 6:24 AM
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The Dow closed at 44,563 yesterday, which is a record new all time high. This was in part driven by Intel jumping 6.4% on Monday after winning up to $3 billion in grants to make chips for the US Defense Department. Intel gained another 7% after hours after announcing a deal with Amazon where Intel would produce a custom chip for AWS.

I remember the first MI strategy I ever used was the "Dogs of the Dow", which I first read about on TMF in 1997. But the Gardner brothers were also recommending Amazon and AOL at the time. Investing in those stocks, plus following Jon Markman's FOG MI strategy from '97 to 2000 changed my life.

Shout-out to Tom and Dave Gardner for founding TMF, giving us this community, and enriching our lives in a very literal sense. You can follow David on X (aka Twitter) at https://x.com/DavidGFool. He still posts occasionally about his "spiffy pops", of which there have been many.
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