Nope nothing to see here...move along people...move along.....talk about wild diversification...hahaha...5 stocks created more than half's of Octobers gains.....hmmmm. what does that signify? These market gains have been relying on literally just a handful of stocks... More than half of October's solid gains came from just five technology stocks Technology stocks account for 75 percent of the gain in the S&P 500, according to Standard & Poor's. Without technology, the S&P would only be up about 0.5 percent. Five stocks accounted for 52 percent of the gain in the entire S&P 500 in October. Those five stocks accounted for 52 percent of the gain in the entire S&P 500. Think about that: Five stocks (1 percent of the S&P 500) accounted for 52 percent of the gains. Facebook: up 15.5 percent Amazon: up 12.5 percent Apple: up 8.2 percent Google: up 6.1 percent Microsoft: up 6 percent https://www.cnbc.com/2017/10/31/mor...ns-come-from-just-five-technology-stocks.html
Awesome....so if he can pass this by Thanksgiving everyone will be have the best holiday season ever....markets will be trading up every single day leading up to the tax reform and of course cant forget about the santa clause rally because 14%+ gains on the s&p is certainly not enough in 12 months on top of the 250+% gains since 2009....so the Dow will rip through 24,000 by Thanksgiving and surge to probably 26000 by January 1st!!! Zero risk, all reward ----all the time !!! Trump says he wants House to pass tax reform by Thanksgiving President Trump wants the House to pass a tax reform bill by Thanksgiving, which he says he hopes to sign by Christmas. Lawmakers are expected to unveil a draft of the bill this week. Top White House officials will stay in Washington to work on the tax overhaul effort while the president is overseas. Christine Wang | @christiiineeee Published 18 Mins Ago
After reading the probabilities of the chance tax reform passing the prediction of it NOT passing is a little over a 1/3 and the downside to the market is nearly non existent at just a miniscule 1%, and if it passes of course a whopping 4%+ rally....so once again they are predicting literally no pull back if it doesn't pass and huge gigantic rally if it does....we all know it's going to pass by end of year so look for a huge 5% risk free return!!! Here's how the market may react as the tax reform drama plays out In a note to clients, strategists at Morgan Stanley pointed out there are three potential outcomes to the tax reform saga: modest stimulus, substantial stimulus or failure. Lawmakers are expected to release the first draft of a tax reform bill this week. Market expectations for tax reform have recently picked up after the House passed a budget plan backed by the Senate last week. https://www.cnbc.com/2017/10/31/mor...et-will-likely-react-to-tax-reform-drama.html
Soooo what would happen if this was the 7th straight monthly decline in the markets????? I'm thinking fed emergency meetings and a cut in fed funds rate to 0.50% along with QE4....just make a mental picture of all that is happening the last 8 years of this historical bull market so that when the next collapse comes and markets are down 7 consecutive months in a row you aren't bitching about why this and how come...but don't worry we all know the fed is here to save the markets and that the chance of 7 consecutive monthly drops is probably non-existent in today's bubblicious market!! Dow, S&P 500 on track for 7th straight monthly gain The S&P 500 and the Dow Jones industrial average are up 2.3 percent and 4.3 percent, respectively, in October. The Nasdaq, meanwhile, is up 3.7 percent,and is on track to post its fourth straight monthly gain.
I think emergency meeting will occur in 3 months decline...like 10/2007-1/2008. But why do you keep complaining about the reality that we live in? Let's make some trades and make some money!
How about we end the month at all time highs...should be pretty easy...since the sellers have left for the rest of the year...seriously!
Volatility stuck in the mud. https://institute.cmegroup.com/trad...link&utm_campaign=education&utm_content=slot1