Author Topic: Stocks Surge Again; Why These Figures Are More Critical Than 'Dow 20,000'  (Read 343 times)

Offline expat_panama

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Stocks Surge Again; Why These Figures Are More Critical Than 'Dow 20,000'

DAVID SAITO-CHUNG

1/25/2017

http://www.investors.com/market-trend/the-big-picture/stocks-surge-again-why-these-figures-are-more-critical-than-dow-20000/

Stocks up. Small caps up. Really large caps up. Bond yields up. Commodities up. Foreign equities up.

Is this going to be a common refrain of the Donald Trump bull market?

Of course, all predictions are nothing more than that, and they can be wrong more often than right.

However, the savvy investor makes judgments about the current direction of the market by evaluating the hard evidence presented each day at a time. And lately, the evidence has been overwhelmingly positive for the bulls.

MP012517Stocks on Wednesday added to Tuesday's steep advance as the Dow Jones industrial average cracked the psychologically interesting 20,000 level for the first time, rising 0.8% and marking an all-time high in the process.

The Nasdaq composite and the S&P 500 joined the 30-stock blue chip index in striking new high ground. The Nasdaq edged out the S&P 500 with a gain of almost 1% and is now up 5% for the year...

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imho focusing on the Dow is the favorite past time of them that don't invest.  Them that do understand that the Dow's an underachiever:

Offline peter4paul16

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Re: Stocks Surge Again; Why These Figures Are More Critical Than 'Dow 20,000'
« Reply #1 on: February 22, 2017, 01:36:13 PM »
Market keeps going up. Interesting to see what happens after next Jobs data...

How long will it keep going?

"Look back at the not-so-distant history of March 30, 1999. This was the day that the Wall Street Journal heralded the dawn of a new era as the Dow blew past 10,000 for the first time in history with its “Dow Industrials Top 10,000.” This then-record high occurred on March 29, 1999. It lasted for all of eight and a half months.

By January 14, 2000, the Dow and other market indices had reached their inevitable peak. From this point on, a bloodbath ensued over the next two years. An eye watering $5 trillion of wealth became erased from the ledgers of investors the world over."

Don't Let Your Retirement Be Fooled By 20,000 DOW:
https://www.regalassets.com/weekly-market-update-dont-let-your-retirement-account-be-fooled-by-20000-dow/?id=2365

Offline Hoofer

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Re: Stocks Surge Again; Why These Figures Are More Critical Than 'Dow 20,000'
« Reply #2 on: February 22, 2017, 07:47:47 PM »
Watch it hit 23k and prove the naysayers wrong.

Why do people insist the market is going to collapse when the economy is picking up?  Does this not defy logic?
All animals are created equal; Some just take longer to cook.   Survival is keeping an eye on those around you...

Offline Solar

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Re: Stocks Surge Again; Why These Figures Are More Critical Than 'Dow 20,000'
« Reply #3 on: February 22, 2017, 08:30:24 PM »
Watch it hit 23k and prove the naysayers wrong.

Why do people insist the market is going to collapse when the economy is picking up?  Does this not defy logic?
If it were a real mkt, then there would most certainly be a direct correlation, but we do not have one so there is no direct correlation, or the last 8 years would have seen a mkt collapse from the worst depression in us HISTORY.
Koolaid is for kids, TEA is for adults

 

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