Here is another ticker for you, Mr. Ross
https://www.google.com/finance?q=NAS...EImdsQeB7oGYAg#
Once again the Fed has made it known that the stock market is the only place for the average person to get any potential significant gains over the next many years. The Fed is afraid of deflation and will remain patient on interest rates. Lower than normal interest rates could last for much longer than expected. We are ina long term secular bull market and in secular bull markets all surprises tend to come on the upside.
Scaling back in. Picked up some CURE and BIB. Just in case we're hitting near the bottom. Sure feels like a real rally, doesn't it?
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
There is a lot of money standing in line waiting to get through the door to include yours. We are about to see multiple strongly positive breath days ahead.
The 401k finished down 38 basis points today. Psssshhh.
Between that and AGG finishing down a measly 13 bp, I'm not crying uncle.
Let's see how the next two days pan out. I'm guessing the relief rally may sputter, and we could possibly see a double bottom re-test of the 1970 area on the S&P.
Today's action was a combo of an oversold market that had gone too far too fast, and the fact that it was a Fed day. That one-two combo blackened a few bear's eyes.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
I agree we are at a crossroad. I'm currently sitting on the fence. Sold my TNA today, but am still 100% S fund. I think the bulls may win out for the next two weeks. Seasonality and Santa Rally may be able to push the markets to new highs. One thing for sure is it's gonna be a wild ride!
Jeff
Last edited by ATCJeff; 12-17-2014 at 05:45 PM. Reason: spelling
CURRENT ALLOCATION = 100% G
Fear is the greatest buy signal ever seen in the stock markets - Birchtree
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