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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (1774)8/5/2014 11:49:54 AM
From: Kirk ©  Respond to of 27028
 
Nice chart!

If the public follows the DOW rather than the SnPee.... then I pointed out in this AM's SA article The Dow Economic Sentiment Index Supports A Higher Market that it has already corrected more than one of two biggest corrections in 2014

I still get "uninformed" people telling me in article comments and such that the market is only going up because companies are buying back shares to grow earnings. Heck, with taxable accounts, I prefer this to cash dividends (don't have to track cost basis for reinvested shares) and with my ROTH and regular IRAs, I don't care as long as the total return beats inflation going forward since I have "critical mass." Sure I'd love to book first class rather than upgrade at the airport or have one of my biotech stocks cure all viruses and I can fly via NetJets... but it still amazes me how "the boyz" really have kept the secret of the market from so many on Main Street.



To: robert b furman who wrote (1774)8/5/2014 3:43:49 PM
From: Kirk ©  Respond to of 27028
 
My favorite bottoms are Turn-a-round-Tuesdays.... would be nice to see a rally of any sort into the close today.

From kirklindstrom.com/Charts/SnP500.html