What a coup that would be. It would revolutionise the medical system by quantum leaps!
Wall Street has become one immense trading pit, helped in no small way, by a FED chairperson that seems bent on assisting whenever possible. The chances of another bear market anytime within the next few years seems remote at best and more of a pipe dream of the shorts. The economy of the world seems dependant on zero to eventual negative interest rates. When a nation takes literally months to question whether it can withstand even a 1/4 point rise, the our future economic survival looks dark indeed!
These so called great IPOs don't have the staying power they once enjoyed.
Especially the part where Santa tells the lady to try Gimbels instead of Macy's because she can a better deal. Now that's PR at its best.
The stock is still cheap and the turnaround seems real enough. $50 by Christmas
2000 was massively high inflation...and 2008 was the start of the great recession. No such problems exist today, plus we have Janet to save our bacon. "You go girl"
And your point is? Look...it does not matter a bit about how high the debt gets, heck, it could hit a 100 trillion for all we care. They have no intention to ever pay it off anyway and since America's currency is the world currency, we will never be held accountable. Plus even if we got some push back from other nations, we would create a method of debt forgiveness and start all over again. So party on dudes.
Its should hit that mark during this Christmas rally. Next year, expect a 15-20% rise. Markets always do well during election years. Have fun longs...we've had our correction, now its back to driving the shorts nuts!
Sentiment: Strong Buy