How can you forget the best stock in the worlds symbol.


I only watch two stocks , the rest are just noise



IBM



and SFOR , aka "the best stock in the world"

Dow 50,000?
 

I had to laugh at this:


https://s31.postimg.cc/mpr0hmvkb/12e...1474d2e164.jpg

Martin Armstrong has said this for about 2 years now, and I became convinced of it in 2017 after seeing what still happens regarding most fiat based central governments, and their success with kicking the can down the road --- little to nothing, for now. They can do it for (and have) much longer than people realize, even though foundation is ripe for crumbling at any moment, and will continue to become a higher risk as debt creeps up.

Where are you going to put your money in the coming years, and where is the momentum? Equities are the place that provide some hedge on fiat, are known and "trusted" by new and old investors, as "price" will be price and obviously is dependent and scaled on how strong any given currency is. Crypto and other new avenues will also be additive in momentum, as he states. I personally see it rising to the middle of next decade, ~2025

Lemonides states:
He nails it right there. That's the classic progression historically, and everyone is aware of it.

In summary, I agree, but I don't think 50k, I think more along Armstrong's 40k. Certainly 30k into Trump's 2nd term.

Your call on the timing might be right!

Looking at the Dow monthly shows that there have been three attempts to push higher met with resistance (not a good sign in and of itself). The most troubling indicator is the shooting star as shown in the pic. Shooting stars often are signs of a reversal that is coming soon. I would think that's why there has been a buzz about the economy.

On the contrary, that chart could also indicate a long consolidation after the huge run-up from Jan 2016 to Jan 2018...hardly the sign of impending doom. In fact, it could just as easily be the calm before the next leg up.

That shooting star is in a weird spot for it to be a sign that an extended downturn is on the horizon.

Looking at your monthly chart, there must be what, 4-5 other shooting stars, and no comment about what happened after them? And immediately to left of the star is a bullish tweezer pattern, so why wasn't a buzz about that? Maybe it didn't fit the media's planned narrative.

On weekly charts it has closed over 27,000 on three different times. There's no magic to testing a resistance line three times, just a good average or rule of thumb. Last week it was the bond yields causing the buzz, and before and after that the trade war, now it's July's monthly candlestick shooting star? Nothing goes up in a straight line, but who knows long it will stick below that line. It does give old Joe Kernen on MSNBC something to cover.

Joe Kernen is on CNBC (host of Squawk Box), not MSNBC. I'm not a fan, to use today's jargon - I hurl a lot of STFU's on him while he's on.

unscientific, but i use the handle of the Kentucky Derby to target Dow moves. right now i have the Dow going to $47,0000. when its going there i can't tell you.

for gold, i have that going to $1585 the ounce on its way to $2700.

YOU SIR, are Correct!. I obviously don't know my NBC's. It must drive old Joe nuts when the kid next to him writes best sellers and top rated shows on Showtime. He takes shots at him at every opp.

Funny, there was a beautiful shooting star candlestick (see prev.#51) back for the week of April 8th, and six weeks later, it took off like a rocket. Where was the media buzz about that? You may well be right.