20K ain't happenin' in 2016

3 weeks later...
and when I first posted it, it was w/i 50 points. As i said.... "a bold call".

Its all a game folks.

Until its real.
 
vanzandt said:
3 weeks later...
and when I first posted it, it was w/i 50 points. As i said.... "a bold call".

Its all a game folks.

Until its real.
More...
Here's the thing you all should bear in mind. The DOW is The Maestro. Its also the easiest index to manipulate with deep pockets.

I put forth, as I have several times before... we would be right here right now had Hillary won. The powers that be knew where they wanted the DOW to close in 2016 months ago. The S&P and Naz follow the DOW, right or wrong, like homeless little puppies.

I say this again, do not compare this to Brexit. That 800 point sell-off the night Trump won was reality. But the big money already had an agenda... and that agenda was based on a Clinton win. What we are seeing now is in fact a Clinton win. What we have in reality is a Trump win.

Politics aside.... Trump is unpredictable. There are wayyyy too many Black Swan scenarios that could play out. $60 oil? One boo and we have $125 oil. See if the markets rise with that.

Everything is going up in price too. I don't frequent grocery stores often, but when I do... for whatever reason, my memory is like flypaper when it comes to prices. Well I went the day before yesterday and was taken aback. On top of that, unleaded is up. Diesel is up. Food prices are up. What does the FED do when inflation sets in? Remeber the reaction last December to a baked in .25% rate increase? Wait until Janet blows smoke about a definite .5% increase, with a .75% possible. Assuming Trump doesn't fire her I guess.

Its like trying to keep 100 different frogs in a box with no lid. Too much uncertainty.
The sh*ts gonna hit the fan folks.... and you can mark this post as one of the few where I'm serious.
 
In the grand scheme of things DOW has already hit 20k, who cares about those 15 points? Money out of thin air will ensure DOW keeps going up as inflation progresses, there is no deflation that so many economists were expecting to take place.
 
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See... there's three things involved in trading.

Fundamentals, Technical Analysis, and intuition based on street smarts.

I will argue that intuition is the most important.

When I started this thread, it was me putting my balls on the chopping block. We were 50 points away with 3 weeks to go, momentum increasing, and the talking heads were breaking out the champagne.

I'll take grandma Zandy's gypsy blood over market gurus any day.

PS.... Markets close up tomorrow.
 
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