Dow at all time highs. Up from 18,000 when Trump got elected to nearly 22,000 now. That is a 20% jump in less than a year on an already bull market. When will it stop and what happens then....
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Dow on the way to topping 22,000 mark, the bull run continues....
All looking good powered by good earnings and weak us dollar. Weak us dollar last mth has meant emerging markets and commodities have been the place to be and the dow has outperformed.
Security Name Close 30 Day Return OIL 49.16 13.0635 BRAZIL 66529 7.1925 HANG SENG 27540 6.5673 CRB 181 5.5348 EEM 44 5.5249 CHINA 3292 4.8408 INDIA 32575 4.0835 GOLD 1270 2.09 DJI 21963 2.0206 NASDAQ 6363 1.9864 NEW ZEALAND 7729 1.8837 S&p 500 2476 0.933 Russel 1428 0.7228 AUSTRALIA 5772 0.2623 HYG 89 0.2375 JAPAN 19985 -0.4086 LONDON 7424 -0.6564 DOW UTILITIES 728 -0.8174 TLT 125 -1.2126 FRANCE 5127 -3.1475 DOW TRANSPORT 9145 -3.493 GERMANY 12251 -4.3973 US DOLLAR 93 -4.6388
I read couple times including today at cnbc....recommendation from fund managers to increase cash holding to buy in when market fall. As most of stocks are expensive...they recommend to choose n shop around stocks that under value. is it something that we all expecting? Market correction?
No doubt - at some stage (in days, weeks, months or years) we will have the next correction / crash. Question is just - when?
And the recommendation to shop around for undervalued stocks ... sounds like a no-brainer (like "buy cheap and sell dear"), doesn't it? Probably one of these recommendations which is already for the last century on the top of the cheat sheet for holiday replacements of market commentators - just in case they really have nothing else to talk about during the eventless summer period.
Low interest rates
Cheap oil
$US low good for American companies
The big one , Trumps promised tax cuts
I heard that tax cuts, reform haven't been done since Reagan; its just so hard and complicated; and gets mired in opposition, complexity etc etc. So if this blockage/inability for Trump /republicans to achieve anything starts realising anytime soon; well I'm building cash right now for that possible collapse in confidence. I know folks have been on the sideline ; some for years on here worrying about this and expecting it and missing out on great gains(Skid?). But I'm wanting to protect my funds more then ever at the moment and have started selling some off shore investments and will reduce some NZ ones too. If / when it happens i can come back in and buy quality stocks for great prices and if i get it wrong timing wise sa la vie i got to sleep easier at night.
Clinton did tax cuts, as did Bush which Obama carried on. But yes they do need fairly wholesale tax reform.