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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1057701)	2/28/2018 1:05:24 PM
From: Rarebird	Read Replies (2) \| Respond to of 1574059

It depends on earnings growth. Earnings are going to be extremely strong when companies begin reporting in April, due to the tax cuts. So, I would expect new all time highs and then some into July. The big question is how long will this strong earnings last? There is no question that once the sugar high from the tax cut begins to fade so will the market, especially when the yield on the 10 year hits 4%. As for Gold, the yellow metal has broken down, along with GDX and HUI. I am expecting a decline into the April/may time frame and a very strong rally of at least 45%-55% to begin sometime over the summer, at the very least. I would not be buying the gold miners or Gold here. Also, I don't think the Market discounts scenarios like the one you described above in regard to the 10 year yield and QT. Not that I disagree, mind you.