5 replies to this topic

[OEXCHAOS]

I honestly think we might easily see another 5000 Dow points.

 

I think we're in that sweet spot before good news becomes bad news... the good news will, eventually, be the death knell of this market, but we've got a ways to go on that, I think.

 

M

[kssmibotm]

I honestly think we might easily see another 5000 Dow points.

 

I think we're in that sweet spot before good news becomes bad news... the good news will, eventually, be the death knell of this market, but we've got a ways to go on that, I think.

 

M

  

[Rich C]

Mark, I have no idea of the magnitude of the rise, but I agree with you on the direction.  Tax reform is a game changer for the stock market, this year.  I am not sure its ongoing impact on the economy will be that significant, and comparisons will get harder in 2019, but this year, we'll have favorable comps all year.  Then you have this global synchronized recover going on.  I use technical analysis as one tool, but I think the technicals are being swamped by events in the world.

[gm_general]

Equities have risen 3 times what benefit they will get from tax "reform", which is about 11% increase in earnings for 1 year - after that this benefit will not increase earnings much further. So to make an observation:

 

http://www.zerohedge...rtying-its-2019

 

How long can even idiots continue to make lots of money and be naked of protection? Possibly longer of course, but I guess we will see.

Edited by gm_general, 16 January 2018 - 01:26 PM.

[senorBS]

disagree big time but we see as always, I shorted today

 

PureBS

 

Senor

[OEXCHAOS]

disagree big time but we see as always, I shorted today

 

PureBS

 

Senor

 

Oh, I shorted this morning (made my 10, too!). But I'll bet against a top of any import here.

 

This is a unique situation and it should overshoot to the upside because of it.

 

M