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ShelladyOptions
Senior Contributor

OptionEye....Nov 19th

Good morning. 

 

Things that hurt when you drop them on your foot. That is the investing mantra taking by a few that are worried about a frothy stock market manipulated by the Fed. Coal, Iron, and Copper. Those are the things that are going to move when/if we have some sort of economic growth. Stay tuned.

 

As for today, stocks still on the negative ever so slightly after having hit some milestones yesterday. The Dow reached 16,000 before settling just below it. We now target 1800 in the S and P. For what it is worth they are psychological levels that mean nothing but are attractive to the retail investor.

 

The 10 year is still the truth serum. Sitting at 2.68% tells us that we still have a long long way to go. 48 million on food stamps, 7.3% unemployment and no inflation. All the while we are pouring $85 billion a month into the system. Why aren't we more embarrassed?

 

Gold is a little higher at $1276.87 up $1.47. Oil is lower by .22 cents to $92.81.  The dollar is unchanged. 

 

Wheat up 4, corn up 2 and soybeans are down 1. 

 

ICE has agreed to purchase the Singapore Mercantile Exchange furthering their reach after the NYSE purchase this summer. 

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5 Replies
BA Deere
Honored Advisor

Re: OptionEye....Nov 19th

The hardest bubble to see is the one that you`re in.   Dow 20,000 Baby!!!   Whaaa-Hooo!

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kraft-t
Senior Advisor

Re: OptionEye....Nov 19th

Yeah $16000 dow, $400 K combines,  $80K cars and this dude can see no inflation  Iwonder if he has bought a real hamburger lately!

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BA Deere
Honored Advisor

Re: OptionEye....Nov 19th

Just like there isn`t much chicken in Chicken McNuggets, there isn`t much value in money these days.  It`s harder to get and it buys less.   But "that" can`t be "inflation" cause our professors all said that "inflation is more dollars chasing fewer goods" right?

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dobrmf
Contributor

Re: OptionEye....Nov 19th

Yeah Kraft I have to agree Mcdonalds just raised the price of the Mcdouble 19% so much for the dollar menu.

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kraft-t
Senior Advisor

Re: OptionEye....Nov 19th

Try out  the smash burger aka grease burger along with greasy fries. Yum! and only a few dollars more.

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