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Economic Calendar


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Investors were once again coaxed into stocks with congress inching towards the long awaited stimulus. The prolonged stimulus negotiations in Washington may be hurting pockets of the economy in need, but in turn has been an advantage to stock investors. Naturally investors want their money ahead of the game. Moving more of your portfolio into stocks before the economy gets a monetary boost is solid and obvious plan. As congress claims its just around the corner from finishing a deal, more investors ...

Stocks opened higher on Thursday, drifted lower into early afternoon, then rallied back to close near the highs of the day, and the four major indices all made new all time highs again. The Dow gained 149-points while the Nasdaq and the small caps led on the upside again. All of this came after a weaker than expected jobless claims report so investors are still counting stimulus to save the day.

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Originally Posted by coolhand

Isn't it interesting that a market that supposedly has zero sideline money keeps finding a way to power higher? And that the smart money has been aligned with this? NAAIM is not a contrarian indicator. I've said this several times. No, like all indicators it isn't perfect, but the last time I checked on Ebay there were no crystal balls for sale (functional). NAAIM tends to be right much more often than not. Especially on timelines longer than a week.

Also, the central bank is not

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Stocks were mixed on a choppy Wednesday with the Dow losing 45-points while the S&P 500 and Nasdaq closed with gains. The accommodating Fed did their part in the final FOMC meeting of the year to assure investors that they still have our backs. Small caps were down, as were bonds. The dollar fell, so that weakness continued and that kept the I-fund in rally mode.

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