What's all this gibberish???? I'm not believing any of this....this market is going higher and higher with 0% chance of any pull back...not even a 5% .....just keep buying and ignore the red flags.....they just want to scare the bulls away, little do they know this is going to be a 50+ year bull market!!! Market optimism hits Black Monday-level peak, a 'potential significant danger' The spread between bulls and bears hasn't been this high since early 1987, shortly before the Black Monday market crash, according to the latest Investors Intelligence reading. Bulls in this week's survey totaled 63.5 percent against just 14.4 percent for bears. A spread above 30 points signals "elevated risk" while 40 points calls for "defensive measures."
No worries ...Siegel says 24000 so it's guranteed!!!! Check out this poll!!!!!! Do you believe the Dow will hit 24,000 before January? Yes 81% No 15% Undecided 5% Total Votes: 1778 Not a Scientific Survey. Results may not total 100% due to rounding. With week of 'Earth-shattering economic events' underway, long-time bull Jeremy Siegel says Dow 24,000 is almost here https://www.cnbc.com/2017/11/01/its...y-siegel-sees-the-dow-24000-within-weeks.html
I agree even though there's what a 90% chance of a Dec rate hike....how we are sitting at rates below 2% is beyond me....with the economy going gangbusters I would say a fair fed funds rate should be at least 5%.... What's more amazing is that they took the fed funds rate just after the crisis in 2007 from 5.25% to under 1% in LESS THAN A YEAR!!!!!! and here we are over 10 years later moving at a fu$king snail's pace to get it from historical lows to just 1.5%+ in the nearly 9 years this bull market has began.... They are sure quick to drop the rates, but raise them nope....don't want to hurt the bull market or make wallstreet cry like little bitches so they take years and years to raise them at miniscule moves and make pretend with analysis that rates will be here here and here by this time and that time....
Yessss. Keep buying...oversold indefinitely!!! That small 0.04% retracement is the biggest buying opportunity yet !
What in tarnation is going on here, this should be at 23500 by now. Some profit taking, relax citizens.
Matters not what happened 30 years ago. This market is not run by free markets. This market is run by the Central Bank AKA "Federal Reserve" "Plunge Protection Team" They own this market, if it drops they simply transfer funds to Goldman, then Goldman puts a floor in the market, simple as that. How ever by not having one of there own in the Royal Chair at the Federal Reserve may cause some to think twice.
Don't forget there mantra, we are data dependent pffftttt. If that really were the case we would have interest rates much higher. Neat trick to keep inflation low, keep pressure on raw materials AKA commodities. Just take a gander at the CRB. Long ago when the stock market would rise commodities would rise to, it was a sure sign the economy was strong........NOT ANY MORE....THIS IS A CENTRAL BANK MARKET NOW. And the old metrics are gone. Now the market is micro managed the CB.