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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (1034718)10/29/2017 12:32:54 PM
From: Rarebird  Read Replies (1) of 1573967
 
The Market had its big 1% correction last week before new all time highs in the Dow, S&P, Nasdaq and S&P 400 Midcap on Friday. I think the Market may have entered into a blow off period between now and the end of the year. I would expect some selling to result in early 2018 once (or if) the Trump tax cut proposals go into effect as planned. And I do realize that's a big if. But the longer they keep on working on the fine details, the bigger the blow off will be. I invest by the charts and they are bullish.

I can't emphasize enough that there is tremendous amount of liquidity (and very high cash positions amongst individuals and funds) in this market. Most are scared by the high prices. SPX 2705 can easily be hit by the end of the year and SPX 3000 in the first quarter of 32018.

I try to keep things simple and not overthink or outguess the market.
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