Down goes the Dow

It's not about me. It's about your disagreeing with the quote. Very surprising.

Jeremy,

I don't disagree with the quote, but your slant is always Bullish, of course for now I am on the other side of your view.

Did you watch the video? Pretty funny if it weren't so true.

Igy

I'm not interested in the video. The discussion was about the quote. I'm surprised you don't like the sentiment.

Do you think the quote has a bullish slant?

Jeremy Siegel wrote:

This quote from above pretty well 'splains it.

Quote of the day wrote:

"We’ll confidently pursue our investment discipline in any event, in the full expectation that far better conditions will emerge to embrace market exposure over the completion of this cycle, as they always have in market cycles across history."

August 22, 2016

Jeremy,

Actually the quote is about as meaningless as "but the f-ing dip," "there is no alternative," or the latest "Trump inflation rally." What is the investment discipline? From what I have read your discipline is to buy stocks regardless of valuation. You give little credence to CAPE 10 or other valuation metrics.

Igy

We're talking about the words in the quote, not me.

Jeremy,

OK, got it, "stock for the long run."

Igy

I really thought you'd agree with the quoted words. I'm shocked.

The Dow Jones Industrial Average was poised for its fifth straight day of gains Friday as futures for the benchmark rose, though some analysts are warning that a correction may lie ahead.

The S&P 500 index and Nasdaq Composite, however, looked set to take a breather after Thursday's rally, when five major U.S. stock benchmarks finished at record levels. That's the first time in more than 18 years that they have all ended at all-time highs on the same day.

Dow futures tacked on 13 points, or 0.1%, to 19,577. The benchmark clinched its 22nd record close in 2016 in the previous session, after the European Central Bank extended its quantitative easing program and the "Trump rally" continued.

As of Thursday's close, the Dow was eyeing a 2.3% weekly advance, which would be the largest since the week of the U.S. presidential election.

Futures for the S&P 500 index slipped 1.15 points, or 0.1%, to 2,241.25, while those for the Nasdaq-100 index dropped 2.50 points, or 0.1%, to 4,859.75. Both the S&P 500 and Nasdaq Composite ended at all-time highs on Thursday and were on track for weekly jumps of 2.5% and 3.1%, respectively.

However, analysts have started to ask if the surge in stocks since the election on Nov. 8 is now looking a bit overdone.

"The Relative Strength Index hints at deepening overbought conditions in the U.S. stock markets, suggesting that the time for a correction could be approaching," said Ipek Ozkardeskaya, senior market analyst at London Capital Group, in emailed comments.

"Of course it is just a technical indicator, and we have seen that investors have proved to be very eager in stocks over the last couple of days," she added.

MarketWatch wrote:

The Dow Jones Industrial Average was poised for its fifth straight day of gains Friday as futures for the benchmark rose, though some analysts are warning that a correction may lie ahead.

A correction may lie ahead? No kidding! But when?

I propose another DGTD prediction contest: PREDICT THE CORRECTION.

Here are the rules:

1) Give the exact date that the Dow will reach 10% below its high.

2) Your prediction must be made before the Dow has fallen 3% from its high.

Closest to the actual date wins with the winner receiving one genuine "attaboy" as prize.

Will it happen before the end of 2016? After the inauguration? Groundhog Day?

Let's hear what you think.

My prediction: Friday, January 13, 2017

Big Dog Investments wrote:

MarketWatch wrote:

The Dow Jones Industrial Average was poised for its fifth straight day of gains Friday as futures for the benchmark rose, though some analysts are warning that a correction may lie ahead.

A correction may lie ahead? No kidding! But when?

I propose another DGTD prediction contest: PREDICT THE CORRECTION.

Here are the rules:

1) Give the exact date that the Dow will reach 10% below its high.

2) Your prediction must be made before the Dow has fallen 3% from its high.

Closest to the actual date wins with the winner receiving one genuine "attaboy" as prize.

Will it happen before the end of 2016? After the inauguration? Groundhog Day?

Let's hear what you think.

My prediction: Friday, January 13, 2017

that is a seriously difficult prediction.

I'll say March 4, 2017. As the new admin settles in and starts going off the rails.

all time high, SP500

consumer confidence at post recession highs

man

this rally is going to make Obama's stock market numbers look absolutely amazing.

the Dow is up 11.6% per year since BHO's inauguration, and adding in dividends probably something like 14%. Per year. For eight years.

yes, he was lucky to take office at a very bad time of course. No doubt.

but this is a big setup again for repubs to be bad for the market. It really is amazing how much better the market does under dems...complicated reasons of course, and not all good.

That's very interesting considering that historically the market reacts negatively between Election Day and Inauguration Day when a Dem is elected president and positively when a Repub gets the nod.

Quote of the day wrote:

"We’ll confidently pursue our investment discipline in any event, in the full expectation that far better conditions will emerge to embrace market exposure over the completion of this cycle, as they always have in market cycles across history."

-- John Hussman, August 22, 2016

Updated with attribution. Apologies.

Touche, good one.

Earnie(ings) Growth:

http://nebula.wsimg.com/9e4e39910d122ea5be70da7cc0f89e08?AccessKeyId=372BE07F51497C9CD088&disposition=0&alloworigin=1

Igy

What's that got to do with me? You are the ultimate strawman.

"straw man"...most overused phrase on Let's Run....

Then stop posting.