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Honored Advisor
Posts: 17,891
Registered: ‎05-13-2010
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Re: Dow up 1086!

[ Edited ]

Dow closed the day UP 258.    "This lady may have stumbled, but she ain`t never fell and if the liberals don`t believe that,they can all go straight to.....straight to ......well"    Smiley Happy   I`m too broke to own stocks, yet I`m cheering for the stock market, USA USA USA!

 

 

https://www.cnn.com/2018/12/27/investing/dow-stock-market-today/index.html

Contributor
Posts: 9
Registered: ‎02-14-2011
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Re: Dow up 1086? Look Out Below

I agree 15 could be the bottom.  Several factors here. Investers are nervous over tariff complications and the Democratic house wanting to reverse the tax cuts plus possibly add more taxes.

Honored Advisor
Posts: 17,891
Registered: ‎05-13-2010
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Re: Dow up 1086? Look Out Below

Here`s Peter Schiff (the good Schiff) though he`s a tight money guy, he says with the Fed rate hikes have been "putting straws on the camel`s back to see which one breaks it and the last hike was that straw" heck of it is the interview was conducted BEFORE the latest rate hike Smiley Surprised   The old "operation Twist" converted Fed short term liability to long term bonds....well now the chickens are coming home..  And did you people know that us taxpayers are responsible for bailing out the Fed???  I didn`t, I always assumed the Fed was there to bail us out!

 

https://www.youtube.com/watch?v=U2EM-C7lEQI   

 

 

Peter Schiff isn`t a Trump fan, but what he sees is "Jimmy Carter stagflation" misery indexes and so forth and instead of a "Reagan" on a white horse, it will be a socialist (a lot to pick from these days) and they will promise chicken in every pot and free college and then things will really go to heck.  Peter was on the gold bandwagon in the previous administration, saying head for the hills...but maybe when everyone was buying that 8230 and the 9870STS, a guy shoulda been planting with the old 4020 and using "Coup type inputs" and now heading for the hills with the gold?   

 

 

it may have seemed Schiff was crying wolf 10 years ago, but that would`ve been the time that individually something could`ve been done.  I wonder what a socialist administration will do for grain prices?   Probably good at first, until we have our "1917".

 

 

Senior Contributor
Posts: 626
Registered: ‎05-13-2010
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Re: Dow up 1086? Look Out Below

Maybe they  should be planting with a 1086 Smiley Happy  IMO since the Dems will have control of the house, the "Trump effect" has been slowed, thus harder to get positive things done, thus the down turn in the markets. 

Veteran Advisor
Posts: 4,707
Registered: ‎05-13-2010
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Re: Dow up 1086? Look Out Below

Buy   the  grains  -  IF   you  think  this  - Tariff  Tough  Talk   -  policy  is  great  stuff ,  opportunity  galore  -    -    -

 

Feeding  The  World  -  phase  2  -  might  be  just  behind  the  the  China  Embassy  curtain -  maybe  ?

 

 

 

   

Veteran Advisor
Posts: 4,707
Registered: ‎05-13-2010
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Re: Dow up 1086? Look Out Below

Tax  Cuts  with  borrowed  $$$$$ -  humm - 

 

Gold  is  up  7%  the  last  2  weeks  -  why  didn't  Schiff  say  buy  it  Dec  1 ? 

Senior Contributor
Posts: 421
Registered: ‎10-04-2016
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Re: Dow up 1086? Look Out Below

"Nattering Nabobs of Negativism "

 

Sorry, BA---just had to say it.

 

Hope the Stock Markets ability to bounce back has positive indications for 2019

 

And Happy New Year to all.

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Senior Contributor
Posts: 972
Registered: ‎01-03-2015
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Re: Dow up 1086!