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02-28-2017, 04:10 PM
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#1
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,736
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Dow ends streak today
up 13 days in a row. the longest streak since 1987!
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02-28-2017, 04:13 PM
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#2
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,736
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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.
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02-28-2017, 04:17 PM
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#3
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Registered User
Join Date: Nov 2009
Location: donkeys ride from ASD
Posts: 13,002
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Bet on it!
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02-28-2017, 07:29 PM
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#4
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Registered User
Join Date: Feb 2002
Posts: 10,861
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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.
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02-28-2017, 07:51 PM
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#5
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Registered User
Join Date: Jun 2008
Posts: 10,163
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Quote:
Originally Posted by highnote
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.
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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.
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02-28-2017, 07:55 PM
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#6
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by tucker6
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.
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Nope, low inventory creates high prices, which is no problem for the 1%er's....
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02-28-2017, 08:02 PM
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#7
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Registered User
Join Date: Jun 2008
Posts: 10,163
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Quote:
Originally Posted by ReplayRandall
Nope, low inventory creates high prices, which is no problem for the 1%er's....
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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.
Last edited by tucker6; 02-28-2017 at 08:04 PM.
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02-28-2017, 08:13 PM
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#8
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Registered User
Join Date: Feb 2002
Posts: 10,861
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Quote:
Originally Posted by tucker6
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.
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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.
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02-28-2017, 08:16 PM
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#9
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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Quote:
Originally Posted by tucker6
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.
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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.
__________________
"But don't ask me what I think of you, I might not give the answer that you want me to. "
Fleetwood Mac, Oh Well, Part 1 (1969)
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02-28-2017, 08:24 PM
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#10
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Registered User
Join Date: Jun 2008
Posts: 10,163
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Quote:
Originally Posted by barahona44
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.
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I hear ya there friend. 
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02-28-2017, 08:27 PM
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#11
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Registered User
Join Date: Jun 2008
Posts: 10,163
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Quote:
Originally Posted by highnote
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.
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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.
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02-28-2017, 10:46 PM
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#12
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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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.
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03-01-2017, 11:54 AM
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#13
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,736
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Quote:
Originally Posted by 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.
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i think the markets liked what the president said last night, the dow is up 255 points now just before noon!
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03-01-2017, 01:04 PM
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#14
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Registered User
Join Date: Feb 2012
Posts: 2,956
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Quote:
Originally Posted by lamboguy
i think the markets liked what the president said last night, the dow is up 255 points now just before noon!
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Now up 314 as of 1pm
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03-02-2017, 03:23 AM
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#15
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,736
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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.
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