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Dow Rocket ship Print
Written by Site admin   
Thursday, 26 January 2017 14:45

 dow2000

Dow at 2000, will it become a distant memory?

We had the Trump rally part one following his election, which was largely based on 1. massive short covering by

those who assumed Hilary would win and were heavily short the market aka George Soros who reportedly lost a a billion dollars. 2. An assumption that Trump would reflate the economy by bringing jobs back to the the US.

Trump rally Part Two may not be the same. Up it just shot with a fanfare from commentators and pundits far and wide with Dow at 30,000 by 2020! the most optimistic headline I read this week. A look at the chart gave the buy signal three days in advance, but what now?

Alternatively the market has it all wrong. Just maybe we are about to see 'BTRSTF' again. Buy the rumour, sell the fact happens time and again. This time could the expectation of 20,000 Dow be too much to resist, up it runs onlt to find there are now more buyers?

What happens next....hold on tight as volatility will bring the unexpected.

 

From the blog

Trump neutralised

Trump neutralised

No need now for the media’s Russiagate or framing Trump as a bigoted racist in the hope that that will be enough to have him impeached or declared incompetent. Trump’s Afghanistan speech (did he write those words – nah, he just had to read the autocue) was his defining capitulation. You read the full text here.

Read more...

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