Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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Nov 3 9:30 AM EST

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To: Jerome who wrote (5714)	4/27/2018 6:36:48 PM
From: robert b furman	Read Replies (1) of 26398

Hi jerome, There are basically two opinions on that: 1) The market is long in the tooth, everything is priced for perfection and it is about to roll over . 2) Earnings are good and getting better, as we enjoy a global synchronous reflation that will ultimately generate inflation and an explosion in real tangible items, as a growing global middle class chases all the material things in the world. The SPX high that peaked 92 days ago on January 26 is in a congestion period that is best described as a side ways action marked by great volatility in late Janauary and has subsequently subsided as the market basically goes sideways in a tighter range. Now some will tell you it keeps getting heavier and the fall is closer and some will tell you it is accumulation of inventory by the market makers accumulating stock before a new and glorious run to new highs is embarked upon. The wheel is rotating and the dealer says : Gentlemen place your bets! ,as he grabs the little shiney steel ball. That is what makes a market. Bob

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