KANSAS CITY MONEY MAN QUESTION: CELEBRATE PREZ TRUMP STOCK RALLY OR FEAR FINANCIAL BUBBLE BURSTING???
Big day for the markets after an impressive speech for the Prez . . . Just a bit of perspective from that we're checking via the news.
Barron's: Merrill Lynch: S&P 2450 Here We Come!
CNBC: Dow skyrockets 300 points higher, breaks above 21000 as stocks hit all-time highs
Market Watch: S&P 500 books best monthly gain in a year
Now, thanks to our blog community . . . Here's another take FROM A KICK-ASS KANSAS CITY FINANCIAL INSIDER which offers a bit of a fact check . . .
In response to President Trump's warmly received speech to the nation last night, the major averages are once again soaring higher to new records.
Here's where it gets interesting:
If you look at the SP500 monthly chart, you will notice that this morning being the 1st day of March, we've already established a Monthly Gap. In the month of February, the SP500 high was 2371.54, and today's low (so far) is 2380.13, while we're currently sitting at approximately 2396 (+1.38%).
So we have a monthly gap established, big deal, right? Monthly gaps are probably somewhat common through the years, aren't they? Not exactly!
Once again, looking at the SP500 Monthly chart, you can go back 40 years (my data takes me to 1975-1976) and not find an open monthly gap which was established. And I'm not talking about a gap which was left open, only to be closed months later, I'm saying there was not one monthly gap established in the last 40 years, from the close of one month to the close of the following month. Not a single time.
Nothing is guaranteed, but unless something very rare is going to happen by the close of trading on March 31, we can say with some certainty that the SP500 will drop back to 2371.54, or below that level, sometime before April 1st.
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You decide . . .
What goes up will come down
ReplyDeleteTheir will be a crash. I advise you wait until it happens then buy stocks
It happens every ten years
Meanwhile Kansas city sleeps in the cracks of the glistening shining city on the hill
ReplyDeleteIf I were the libtards I'd cash out my 401K and get out of the market on principal. You can not be profiting from anything related to nasty old Trump. Just live by your scruples. I'm sure that someday there will be another black or female Democratic president and you can get entitlements then. Otherwise you will have all that guilt associated with your personal wealth and we don't want to see you in anguish over that.
ReplyDelete^^^^^Could you also take your interest with the principal on principle?
ReplyDeleteshure I kuld, butt I doant weish tew.
ReplyDeleteWhen the stock market doesn't reflect empirical reality, then you should worry. Like now.
ReplyDeleteDer Fuhrer is adept at taking credit for things that he had nothing to do with. The economy has been improving since the crash of '08. One of the first things The Dump did was remove the safe guards put in place to prevent another such collapse.
Every time we give rich people everything they want the economy collapses, because of their penchant for risky behavior. The market will crash. The only question is how hard will be the fall.
Giving the rich tax breaks in the proven false notion that this will spur job growth will fizzle in the wake of this next crash. Imagine what happened to Kansas happening to the whole country.
Is this the same insider who told us a 2% drop in Kansas City Southern was a fucking crisis?
ReplyDeleteByron giving his thoughts on the economy? The same Byron that can't rub two nickels together? But he wants to tell you Trump doesn't know anything and will destroy it...
ReplyDeleteWhy is it that the biggest losers in life think their the smartest people around?
4:07, you're right. Why would anybody want stock market tips from a deadbeat.
ReplyDeleteFinancial Insider
ReplyDeleteLOL
How's your portfolio doing Tony?
ReplyDeleteI highly recommend diversifying if your interested in some solid yield.
5:04, that's not what diversification is for.
ReplyDeleteWhat goes up must come down Take your profits and have dinner in the crossroads Take the profit before Memorial day The smart money will take there profits and go to there summer home
ReplyDeleteLoser who hasn't worked in over 25 years understands the stock market. Thats like saying Alonzo is a fucking Eskimo.
ReplyDeleteByron, limit your financial advice to your specific area of expertise. Namely, how to best spend our EBT money and how to get into the best Section 8 housing.
ReplyDeleteBilerun "Warren Buffet" Funkenshyster must be pitching for a job at MSNBC. He certainly seems to be a match for Al Sharpingtoung.
ReplyDelete