OMG! Looks like my crystal ball is fogged by the hot air from the mouth of Yellen. Nothing has changed, and earnings were mostly massaged, gas is nearing the $3.75 to $4.00 mark here in SoCal, and the Nas just passed the 5k mark, as expected. Party is in full swing!
You don't have to read my posts or predictions. I've taken your advice, which is also mine, and am watching, as I sit on cash.
Yes. And some actual earnings to support such lofty levels. I believe that's what important fundamentals are about.
Should begin sometime between September and October of 2015, and bottom when the Jan. 1991 gap is filled, in the summer of 2018. Still have about 800 more banks to fail during the meltdown.
It appears that the DOW chart of 1929 is on tap to be repeated. Thoughts?
Well, that would prove just how desperate the Fed situation is, and the dominoes remain upright until the Nas exceeds its ATH and something within the currency markets is used to create a crash.
Climates change over time. It's a cycle of Mother Nature and Father Time. For those who believe it's caused mostly by the emissions of man made machines belching emissions into the atmosphere, instead of using clean solar energy, then how is there justification for the continued drilling and exploration for oil, when cleaner energy sources have been available for years?
And the answer is: Money.
Yes, and that thought crossed in my brain box, and I have looked at the 1991 DOW chart with a gap. Most of us can't call the bottoms, and I don't want to be filled halfway or more invested, when through the drop to the tag line on the DOW is 2700 or lower, as is SPX well under 300. Some will say the Fed will never let that dip happen, but short positions are registered, and noted. All the way up, so far. If Somebody knows which side of the trade you are on, they take the other side, most of the time when they have a very good idea (cough, cough,) as to the near term outcome.
Let's just call a spade a spade. The Obamacare Tax is not health insurance by any stretch, as the deductibles of the few plans I viewed, were in the $5k range, or higher. The monthly premiums were hundreds of USD's, and you tell me how that leaves any money left in the wallets of most folks to purchase a new ride, a home, or a sofa? BTW, there is no dental, visual, or audio plans with the "insurance" plans I saw offered.
For the record, I took early retirement, and a 30% whack to a monthly check, so that I could have premium free medical health insurance. I still have deductibles and copays, and pay about $64 per month for my DAV insurance that is OK, but I may choose to drop, at some point, and the coverage limits are not really worth paying for, if one has only checkups and maybe new eyewear, every year. I'm one of the most fortunate retirees left on this planet, and most of the younger crowd won't ever see the kind of retirement benefits I have, which is exactly why I took them the minute I was eligible.
Tell me who's buying a new ride when their newly MANdated healthcare policy is the equivalent of a car payment, and will never go away?
Roger that, on the credit card debt. I don't have either of the others you listed. And your assessment of the retail saies is right on. I purchased jeans at the Goodwill for my daughter, in the brand names she likes, for $6.50 per pair. I shop at Goodwill for myself, at times. The only retail purchases I plan to make this year are for a new pair of walking shoes, a pair of dress shoes for interviewing, and a few items of exercise clothing. Grand total will be maybe $125, if that.
and 1353 popped into my head. It doesn't seem unreasonable, but I'm wondering what drops it there. Thoughts?
Most likely, it was a bit of a blow. I've lived in 125 MPH winds, and it was stunning. 305 MPH would have the root celler folks not wanting to come above ground for week, or more.
However, when folks who are twitter and FB are known as the media mouths for real on site reporting, ya have to question the source(s). FWIW, I don't use either. If I want to find someone, I will. And the few who I'd want have admit they know me, or of me, are fewer and farther between every day. Especially when
CA is one of the most populated states, so that means a notable number of folks are paying up at the pump.