Armed Polite Society
Main Forums => The Roundtable => Topic started by: Ben on December 20, 2016, 11:55:25 AM
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Just 30 points away from Dow 20K!
It looks like it's still going up from there. The analysts are nearly universal in 21K predictions sometime in the first quarter of 2018. Even Harry Dent, who ALWAYS talks about an imminent stock market crash to 10K has now said he expects at least 21K. He still expects his big crash, but even he is positive of a continued rally past 21K.
I expect at least a pullback after the emotion driven "magic even number" of 20K, just from people taking profits, but it looks like that will just be a small short dip before another rally. I'm probably going to still take some profits in my individual stocks after January, and then also move a little bit out of stocks in my retirement accounts.
I'll likely miss some of the ride, but there's going to have to be a drop at some point (maybe not a Harry Dent drop, but a drop) later next year. Now that I'm getting ready to use my retirement investment funds as income, I'm leaning conservative and protective. If there's a big drop, I'll realign and drop back in, at least on my taxable funds.
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What?
I have it on good authority that the second Trump was appearing to win the Dow crashed, and it continues to crash....
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What?
I have it on good authority that the second Trump was appearing to win the Dow crashed, and it continues to crash....
Don't remind me. I was way too overly cautious on election night as well as the following few days. I missed out on some quick cash. :laugh:
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Don't remind me. I was way too overly cautious on election night as well as the following few days. I missed out on some quick cash. :laugh:
Didn't we all.
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Just 30 points away from Dow 20K!
It looks like it's still going up from there. The analysts are nearly universal in 21K predictions sometime in the first quarter of 2018. Even Harry Dent, who ALWAYS talks about an imminent stock market crash to 10K has now said he expects at least 21K. He still expects his big crash, but even he is positive of a continued rally past 21K.
I expect at least a pullback after the emotion driven "magic even number" of 20K, just from people taking profits, but it looks like that will just be a small short dip before another rally. I'm probably going to still take some profits in my individual stocks after January, and then also move a little bit out of stocks in my retirement accounts.
I'll likely miss some of the ride, but there's going to have to be a drop at some point (maybe not a Harry Dent drop, but a drop) later next year. Now that I'm getting ready to use my retirement investment funds as income, I'm leaning conservative and protective. If there's a big drop, I'll realign and drop back in, at least on my taxable funds.
I was so very disappointed when I re-read that and realized it was HARRY Dent and not HARVEY Dent. Cause THAT would be some stock picker.
(Also, I'm betting that Harvey's foolproof method of picking stocks will beat the average of all other stockpickers over time.)
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So close. Apparently what's holding it back is that all the algorithms that use momentum as their primary calculation have been selling stocks. Darn Skynet. :)
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So close. Apparently what's holding it back is that all the algorithms that use momentum as their primary calculation have been selling stocks. Darn Skynet. :)
You'd prefer they use Joementum?
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You'd prefer they use Joementum?
I'd prefer Larrymentum, Curlymentum, or even Shempmentum.
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Well, it finally broke 20K! It will be interesting to see what happens both short and mid-term now that the "emotional barrier" has been broken.