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Doc’s week ending comments

September 26, 2014

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Here is the Dow monthly chart that Doc and I were looking at.

Dow - Monthly

Discussion
11 Comments
    Sep 26, 2014 26:14 PM

    Even if we are in a secular bull market in stocks, it does seem as though a lot of people think that assets move in a straight line. They need to remember serious corrections (or crashes) like 1987 or 1994, which few were prepared for and which shook a lot of weak handed speculators out– even as people look back on the 1980s and 1990s as a great time to own stocks. And once again, the divergence between precious metals and the conventional markets is basically at the same extremes as the late 1990s, the sole difference being that PMs had been out of favor in the 1990s for nearly two decades.

    Sep 26, 2014 26:32 PM

    Yes, Dr. Ryan (and ALL)…much agreed. But I really dont think this is a secular bull market in stocks. Respecffully, I mean, that this market is solely the creation of the FED RES., in a desperate attempt to make things look prosperous…..people might say: “Oh, Marc – that is the same old tired story I hear….meanwhile I am making money in this market and you are sitting on hard assets sucking your thumb.”

    I say: “Fine, I sleep really well at night – how about you? I am more than able and willing to sit tight and have my coffee in the mornings and go to my stress-free job; stay SOLVENT; and dont let the market play you for a fool.”

    Because the bottom line is this: One day…one little ol day…you will have “it” and then the next day YOU WONT……that is NOT for me! How about YOU??

    All the best,
    Marc

      Be careful Marc….when you start talking to yourself…..sign of old age setting in….just ask Big A………….

        Sep 26, 2014 26:34 PM

        Ha…….I might stay solvent……sane……that is another matter!!…No kidding Jerry,…..no kidding..hahaha!

    Sep 26, 2014 26:46 PM

    That’s an interesting chart. The whole formation around 2009 looks like a giant reverse head and shoulders and that formation is not far from its target on first inspection. There are several – the least conservative on has head at under 7,000 and neckline at 14,000, target 21,000+ then?

    If you draw an upward sloping trendline on the left hand side of the chart 2004-2007, the new uptrend line from 2009-2014 has not yet caugt up with where the 2001-2007 teend would have been.

    This is a bit like silver in 2010-2011. When it did catch up with the precious uptrend line projected forward, that was the top.

    Sep 26, 2014 26:30 PM

    Plenty of room on this bandwagon…..so jump on board and enjoy the ride.
    Embrace it….
    This is one yummy looking gold market at the moment.

    http://www.aumarche.com/_ccLib/image/products/DETA1-1481.jpg

    thanks Doc and Cory for the chart………………..