Tue, 30 October 2018
Danielle and I have been discussing the unsustainability of the current bull market in stocks for a long time. It's been going on for 10 years now, but recently the bull appears to be running out of steam. The FANG stocks may have been de-fanged, so what's left to drive the market higher. Always remember that the market can remain irrational much longer than you can remain solvent. It's my opinion that it's going to go on quite a while longer. Let's see what happens next. |
Tue, 30 October 2018
Dr. John Huber is concerned about Millennials experiencing symptoms of PTSD triggered by the Trump election. In fact as many as 25% are currently suffering from this syndrome. But it could get much worse. Against all odds, Trump is storming the country and regularly triggering his adversaries in the media and the electorate. One can envision an increase in emergency room admissions should the Republicans retain the House and increase their Senate margin. Just remember to always be empathetic and kind to these hapless souls, and understand that they experience life through their emotions and have ceased to be rational beings. According to Dr. Huber, that's what we're all up against. Good luck! |
Tue, 30 October 2018
Avi Gilburt is an Elliott Wave theorist and practitioner. He says the signals are very clear, another upward wave is coming in the stock market, once the current correction has concluded. That's big news for investors who are fearful that this downward move is the big one. He believes that the eventual mother of all bear markets will visit upon us in the 2020's. And we're very content to wait. Gold probably has another leg down, at least if it doesn't break last week's high. Oil is going down. Dollar is headed towards the 80's range. No opinion on real estate. Interesting views that clearly go against the mainstream. As Avi says, "Each market must be looked at individually." |
