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Today and Tomorrow Risk Window for Bump in the Road to Nirvana


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#1 Douglas

Douglas

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Posted 26 February 2018 - 01:41 AM

Today and tomorrow is the next risk window for a turn in the stock market although I would be surprised if it amounted to anymore than just a bump in the road to stock market Nirvana.  As long as the trajectory stays linear and not parabolic, overnight FED funny money stays cheaper than the rate of inflation, black swans stay parked on the tarmac and corporate tax cuts are funneled tax free to stockholders with buy backs, the market should march inexorably higher. See you in Shangri-La. 

 

Regards,

Douglas  

 

 



#2 Douglas

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Posted 27 February 2018 - 11:55 PM

Powell's supposed slip of the tongue during his testimony apparently sent the market on a detour on the road to Shangri-La right on schedule during the risk window.   I'm sure the money printing minions will be quickly talking this back to get the market truck on the skyward track again since apparently stock market support has replaced price stability as the FED's number one mandate.  IF Powell's off script remark wasn't an accident and he is actually a ringer, a.k.a. hawk, Katie better bar the door.  What he and his money printing minions say on Wednesday should clarify if he really meant to poke a little hole in the punch bowl now that the buy the dip party is cranking again after that nasty little jolt to the celebration earlier this month. 

 

Regards,

Douglas