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TWX closing bell report -- what do the numbers mean?

Today, Time Warner closed at 17.40, a gain of 0.23%.

But what does a gain of 0.23% mean? Well, allow me to put that in perspective for you:

  • François Truffaut's film The 400 Blows (Les Quatre Cent Coups) won him the Best Director Award at Cannes in 1959. A 0.23% gain would've forced the Film Festival to praise him instead for The 400.92 Blows.
  • In the Biblical story of Noah's flood, it rained for 40 days and 40 nights. With a 0.23% gain, it would have rained for 40.092 days and 40.092 nights.
  • Water freezes at 32 degrees Fahrenheit. Water would freeze at 32.0736 degrees Fahrenheit with a 0.23% gain.
  • In the sport of bike racing, a racer said to be "dying a thousand deaths" when struggling to hang on to the pack.With a 0.23% gain, he would be "dying a thousand-two-point-three deaths."
  • “… Baby One More Time” was the Britney Spears megahit of 1998. A 0.23% gain would have changed the hit to “… Baby One-point-zero-zero-two-three More Times.”

That, finance fans, is what a 0.23% gain means.

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Last updated: October 07, 2008: 08:33 AM

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