Dow ends streak today

[lamboguy]

up 13 days in a row. the longest streak since 1987!

[lamboguy]

tonight the president speaks, no doubt the markets will be listening to see where the money is going to come from to pay for the infrastructure and military expansion.

if the market likes what he has to say they could start another streak manyana.

[woodtoo]

Bet on it!

[highnote]

The S&P has been going up, but the market has been softening. The declining stocks have outnumbered the advancing stocks the past few days.

I see an interest rate on the horizon now that inflation is starting to enter the picture. As I posted elsewhere -- steak costs $17 per pound at the supermarket. The trash hauler just raised rates 10%. I see these kinds of increases every where.

So the FED will raise rates to keep inflation in check.

Higher interest rates mean a weaker stock market.

The bottom won't fall out of the market, but I don't think we will see the kind of increases we have seen since last July. There might be 5% more upside remaining, but my bet is a sideways market until May.

Sell in May and go away.

[tucker6]

I see an interest rate on the horizon now that inflation is starting to enter the picture. As I posted elsewhere -- steak costs $17 per pound at the supermarket.

I go to a butcher that was selling Wagyu steaks for $29.99 a pound for the first time. Was there in the morning and went back later in the afternoon to buy one and they were sold out. High end meat and seafood markets are thriving. People want quality nowadays and aren't afraid of spending money to get it. Reminds me a little of pre-2008 times.

[ReplayRandall]

I go to a butcher that was selling Wagyu steaks for $29.99 a pound for the first time. Was there in the morning and went back later in the afternoon to buy one and they were sold out. High end meat and seafood markets are thriving. People want quality nowadays and aren't afraid of spending money to get it. Reminds me a little of pre-2008 times.
Nope, low inventory creates high prices, which is no problem for the 1%er's....

[tucker6]

Nope, low inventory creates high prices, which is no problem for the 1%er's....

agree and disagree. There are some changing dynamics at play as well. People are opening up the wallet more than in the past 8-10 years.

[highnote]

I go to a butcher that was selling Wagyu steaks for $29.99 a pound for the first time. Was there in the morning and went back later in the afternoon to buy one and they were sold out. High end meat and seafood markets are thriving. People want quality nowadays and aren't afraid of spending money to get it. Reminds me a little of pre-2008 times.

A new butcher shop just opened in our town. I haven't been there yet but am anxious to check it out. I'm sure the prices will be higher than the supermarket since the shop is in the pricey, retail part of town. The meat selection at the supermarket is hit or miss. It would be nice to go someplace with a consistently high quality product.

[barahona44]

agree and disagree. There are some changing dynamics at play as well. People are opening up the wallet more than in the past 8-10 years.

In the future, they'll be slamming them shut again.Then opening them up a few years after that.People seem to forget that neither the good times nor the bad times are ever permanent.

[tucker6]

In the future, they'll be slamming them shut again.Then opening them up a few years after that.People seem to forget that neither the good times nor the bad times are ever permanent.

I hear ya there friend. :ThmbUp:

[tucker6]

A new butcher shop just opened in our town. I haven't been there yet but am anxious to check it out. I'm sure the prices will be higher than the supermarket since the shop is in the pricey, retail part of town. The meat selection at the supermarket is hit or miss. It would be nice to go someplace with a consistently high quality product.
Yes, the supermarket is always hit and miss. Only buy steak and salmon at the meat market now. Consistently high quality and a memorable meal each time. It really is worth the difference in price, and when you think about it, you can have all that for about half the price of a restaurant.

[barn32]

The "speech" offered no specifics. Wall Street likes specifics.

There has been some minor backwardation in the volatility futures the last couple of weeks and volatility has been creeping up. Interest rates might be going up in March. If not March, then probably May.

Nothing goes up forever. It's been a good run while it lasted, and kudos to HighNote for his Zweig model forecast. It was right on the money.

A correction wouldn't be unusual, but I don't see a bear market on the horizon.

I'm still long stocks, but proceeding with caution.

[lamboguy]

tonight the president speaks, no doubt the markets will be listening to see where the money is going to come from to pay for the infrastructure and military expansion.

if the market likes what he has to say they could start another streak manyana.i think the markets liked what the president said last night, the dow is up 255 points now just before noon!

[upthecreek]

i think the markets liked what the president said last night, the dow is up 255 points now just before noon!

Now up 314 as of 1pm

[lamboguy]

the way this market looks to me now is that it will not be done going up until every short has conceded and thrown in the towel. i would hate to be short right now.

the signal to step away from this and make your moves to go short is when you see some big volume come in to the market on the downside. volume off the top is always a killer and provides the greatest signal's. match that up with ultra bullish sentiment and you got something to sink your teeth into.

this runnup after the election of Trump is the largest ever for the dow with new presidents.

i am dying to see how far and how fast this market will keep on running.its truly amazing to watch these stocks appreciate $ trillions for whatever reasons people are buying them for.

[reckless]

I don't know why anyone would even think of getting out of the stock market at all right now.

Christ, it is well documented that many people here on PA called for the stock market to crash and the ensuing end of the world was quite near. Only 2-3 clear thinkers went the other way since last summer which was way, way, way before the overall market increased by over $3 billion, plus in value. Meaning, of course ... way before the sure and expected victory of Donald Trump on Nov. 8, 2016.

Christ, as I write this, there are still at a minimum 10-15 real companies selling at fire sale prices. These companies are profitable with a long history of earnings and sales gains and are selling between 10-15 times free cash flow (FCF) while earning a minimum 10 percent per year on that FCF. Note these companies are only for investors who look 1-2-5 years down the road and not the chart guys or the bucket room guys who only think 1-2 minutes or hours ahead. Look, everyone does their own thing and I am really and truly not being critical. I just don't like it that many people on here have simply left oodles and oodles of money on the table.

We are still very early, the 1st or 2nd inning, of a generational buying opportunity. Think independently and think correctly and riches, modest or great, will come your way.

[lamboguy]

I don't know why anyone would even think of getting out of the stock market at all right now.

Christ, it is well documented that many people here on PA called for the stock market to crash and the ensuing end of the world was quite near. Only 2-3 clear thinkers went the other way since last summer which was way, way, way before the overall market increased by over $3 billion, plus in value. Meaning, of course ... way before the sure and expected victory of Donald Trump on Nov. 8, 2016.

Christ, as I write this, there are still at a minimum 10-15 real companies selling at fire sale prices. These companies are profitable with a long history of earnings and sales gains and are selling between 10-15 times free cash flow (FCF) while earning a minimum 10 percent per year on that FCF. Note these companies are only for investors who look 1-2-5 years down the road and not the chart guys or the bucket room guys who only think 1-2 minutes or hours ahead. Look, everyone does their own thing and I am really and truly not being critical. I just don't like it that many people on here have simply left oodles and oodles of money on the table.

We are still very early, the 1st or 2nd inning, of a generational buying opportunity. Think independently and think correctly and riches, modest or great, will come your way.the markets these days are much different than what we grew up with. if you go down to the NYSE and walk in, you see very few people sitting there making markets like in the past. you have computer's representing the large houses like Goldman Sachs, Merryl Lynch, Deutshe Bank, State Street and all the other big guys.

when all the computer's kick in at once with sell's you will have volume off the top. Volume off the top has always been like a freight train when it comes to destroying markets. with these computers it will be a freight train on steroids.

but for now it does look like the markets are stretching further to the upside just to wipe out the remaining shorts. my guess is that it could take up to 18 months before the markets get to meet their judgement day. there is nothing that goes straight up like this baby has without severe consequences.

for now i am long, and have patience to wait this out and catch the downside activity that will be here.

[PaceAdvantage]

Yesterday was one of the biggest volume days in the last 2.5 months...and the second biggest in 3.5 months...

[davew]

I don't know why anyone would even think of getting out of the stock market at all right now.

Christ, it is well documented that many people here on PA called for the stock market to crash and the ensuing end of the world was quite near. Only 2-3 clear thinkers went the other way since last summer which was way, way, way before the overall market increased by over $3 billion, plus in value. Meaning, of course ... way before the sure and expected victory of Donald Trump on Nov. 8, 2016.

Christ, as I write this, there are still at a minimum 10-15 real companies selling at fire sale prices. These companies are profitable with a long history of earnings and sales gains and are selling between 10-15 times free cash flow (FCF) while earning a minimum 10 percent per year on that FCF. Note these companies are only for investors who look 1-2-5 years down the road and not the chart guys or the bucket room guys who only think 1-2 minutes or hours ahead. Look, everyone does their own thing and I am really and truly not being critical. I just don't like it that many people on here have simply left oodles and oodles of money on the table.

We are still very early, the 1st or 2nd inning, of a generational buying opportunity. Think independently and think correctly and riches, modest or great, will come your way.

TRILLION

[HalvOnHorseracing]

Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows

Leonard Cohen

[johnhannibalsmith]

You mean that wasn't Concrete Blonde?

I have to admit that I almost liked their cover as much.

https://www.youtube.com/watch?v=RaJAxdGeZ4E


Yeah another excuse to practice my nu board skillz.