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

To: kimberley who wrote (7962)	12/17/2019 9:52:00 AM
From: Kirk ©	4 Recommendations Recommended By berniel da_spot kimberley Winfastorlose Respond to of 26769

I've put off taking some more profits hoping to slurp at the trough a bit longer before slaughter from the next big decline. Many charts and other indicators are still only "mid band" for me. I think this is just the beginning...with the Fed injecting so much money, I would think equities have a lot further to go! Timer Digest sent out their annual forecast issue last night and "only" 37 of us sent in forecasts with 20 bulls, 8 bears and 9 neutral/combination for 2020. I like to toss the mid banders and get bulls over bulls plus bears of 20/28x100%=71% - a far cry from "everyone is bearish" or "everyone is bullish". Given the market goes up 2/3rds of the time, neutral should be around 67%.... so 4% above midband is not overly bullish but the top ten for the past year is higher but still not 100%. Here is an update of my pg 6 chart with a new little green circle added.

To: kimberley who wrote (7962)	12/17/2019 10:25:38 AM
From: Kirk ©	Respond to of 26769

Louis Navellier email with reasons to be bullish: facebook.com ??The Big Stories are in Britain, Europe, and China Trade Despite Friday morning’s impeachment vote, the biggest news last week came out of Britain and China. ?? Prime Minister Boris Johnson on Thursday enjoyed a landslide victory that provided his Tory party with a huge majority of 365 seats in Parliament, allowing Brexit to finally happen next January. With the political crisis in Britain nearing its end, I expect that the British pound will continue to strengthen, while the euro will likely meander lower. Further undermining the euro, ongoing protests in France over proposed pension reforms do not bode well for the European Union’s second largest country. ?? China announced on Friday that it has agreed to “Phase One” of a trade deal with the U.S., so the Trump Administration canceled new tariffs on $160 billion in Chinese goods that were scheduled to kick in on December 15th and plans to partially reduce tariffs on other Chinese goods. President Trump called Phase One “phenomenal” and told reporters that the U.S. would use the remaining tariffs as leverage in future negotiations. In return, China agreed to boost agricultural purchases by $32 billion in the next two years. ?? The truth of the matter is that China is hurting and really needs the U.S., since a weak Chinese yuan and swine fever has caused inflation to soar. For example, China’s National Bureau of Statistics announced last Tuesday that consumer prices rose to an annual rate of 4.5% as pork prices soared. Due to African swine fever, about half the hogs in China have died and the price of pork has more than doubled in the past year. As a result, China could alleviate its pork shortage by importing more U.S. pork.