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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Fintas who wrote (32503)11/19/2019 4:56:43 PM
From: AdvocatusDiaboli  Read Replies (1) | Respond to of 34812
 
The question to me is just what does the market concern itself.

ANYTHING that can damage the financial well being of this nation.
We are singing from the same hymn sheet.

What will bring this house of cards down?

There is I believe a link between the dead end impeachment circus and potential damage to the financial well being of this nation. As I said months ago, Liawatha will likely be the only person to gain advantage from the mud slinging. Now if Warren with her extreme left leaning ideas becomes a serious chance of knocking off DJT next November that will definitely concern the market.

But in reality what has fuelled this market since the GFC has been funny money, low interest rates and QE.

I sometimes wonder if the world of interest rates as we have experienced it in our lives has really changed for ever. Who knows, perhaps low to zero rates will prevail for decades. That would make current prices based on P/ E rates look cheap and prolong this bull market for a lot longer. Such a scenario would see some continually adjusting their trading ranges higher and perhaps saying things like it is range bound between 4700 - 5000. WINK

But lets keep it real. Reality would suggest rates will cycle higher, QE will be replaced with QT, unemployment will rise, negativity will increase. That will be the water that douses this fire. But first we have to get to irrational exuberance phase. This bull ain't gonna die with a whimper.