The Dow is currently up +142 - how much higher. Don't ask me because I don't have a clue but I am bolted into this rally and will stay long for several more years - that's my discipline and it will make me wealthy. I've been watching my hawk today - she appears to be feeding her youngsters but I haven't seen any babies yet.
oh snap alltime highs once again, so much hoof dust i can't see my nose son
This most hated rally is going to really crank up at any moment - there is no place else to invest unless you want to venture into real estate. Dow 20,000 is probably on the not too distant horizon. If we don't see a serious correction greater than 10% who knows how high we can go - party like it's 1995 when there was essentially no give backs all year. Money is flowing like wine.
It takes guts to stay in and go toe-to-toe with all of the negative news and the experts that are sure we are going to correct immediately. The market seeks the path of maximum frustration and that course this time around is clearly up into uncharted territory. Thanks for your constant encouragement for the folks here to ride the rocket. Days like today are a nice payoff.
Make no mistake - Ferdinand will cause some remarkable pain at some point - but one has to enjoy the pain. I've been run over by the Grand Trunk many times because I was playing on the rails or running in front of the train - but I always feel refreshed when I get up, brush myself off, and start again. Staying the course as a buy and holder is the best strategy for my family. I see tremendous opportunity going forward and Ferdinand will make me wealthy - that I know.
CNBC's Fast money talks about the DCA approach.
http://video.cnbc.com/gallery/?play=...deo=3000160284
We are having another rally in the Nikkei this evening - +197 to 13,485. This could be a pleasant harbinger for tomorrow.
Yes, I believe we are going to have another good day to make coin. It's about sitting with discomfort and being at peace with it. The market rewards what is hard to do.
"Breadth indicators were overbought a week or so ago, but the mild pullback last week moved them into neutral territory, and they remain there at this time."
New highs in S&P 500 are very bullish - Lawrence G. McMillan - MarketWatch
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