But does the Dow going up make fundamental sense?

By every logical measure it is already high.
Is there any guarantee that Trump can cut taxes and regulations?
Will Congress go along with his wishes? Perhaps.
But what is the Big Zero going to do in his final days? Can his damage be limited?

I did not think I would hear Rick talking inflation.

But is that not what he is saying about money leaving computer apps and going into real things?

You heard of the BIG SHORT

Well this is the BIG CON

So what was that con?

That stocks would crash if Trump won the presidency and gold would soar by as much as $100

Once again the fear mongers used the same old scare tactics to try to influence the election.

At the same time the PUMPERS tried to keep the gold pump going for a little more juice.

RICK, you say you need to rethink your

Once again a giant flip flop !

A few weeks back you threw out DOW 3000 in your deflationists hallucinations.

Now you are all go go go DOW up up up

So now your DOW call is 19727

Ok I will hold you too that

I got news for you though – IT IS GOING MUCH HIGHER THAN THAT

TRY 25,000 to 30,000 during Trumps first term.

“When I see this rally going with such a vengeance I have to rethink some basic ideas”

Hello

First of all you are supposed to try to anticipate where markets are going not react.
Second if a couple of up days are enough to have you rethink some basic ideas than they really weren’t much of an idea at all. Hardly sounds like someone with courage of conviction. Rather weak opinions.

“I’ve been very bearish on the economy but the election of Trump is a paradigm change”

Again you missed the greatest bull market in history because of your bearish deflationist outlook.

Now all of a sudden Trump changes everything?

WOW talk about a flip flop

Cory asks “why did the pundits get it wrong”

Because they are lying scumbags in the tank for wall st.

Wake up !

Trump wants to be the next Ronald Reagan

Take a good look at what stocks did during the deafen years and what gold did.

Stocks bear gold hands down,wasn’t even close

We are now in the Trump Reagan years.

You know all the paper that is in the gutter the day after 4th of July.

All that garbage that needs to be swept away.

That’s gold these next 4 years, regardless of what the same PUMPERS keep selling you.

But Trump likes gold you say…

Yeah on his penthouse walls and casino floors !

I said it yesterday and will repeat it

STOP LISTENING TO THE PEOPLE WHO ARE CONSISTENTLY GETTING IT WRONG AND START LISTENING TO THE PEOPLE WHO ARE GETTING IT RIGHT!

Market is need of another correction and it has corrected by 31 points already. Not sure if it done yet. Oil could stop this rally if it goes below 43.

Dow up 135, Nasdaq down 71, S&P -2. Oil stocks are weakening slowly with lower highs and lower lows and a correction may be starting.

Matthew,

Markets don’t flip flop.

As traders get it wrong and are two steps behind what is going on

Matthew,

Markets don’t flip flop.

Nad handicappers get it wrong and are two steps behind and a day late.

They miss the wedding and show up for the funeral

You have no clue, no clue at all

Ok Matthew that’s your best response, lol

You have no clue

Rick what do you think of CBI and FCX on the near term and the long term?

Chess championship

Starting tomorrow is the FIDE CHESS CHAMPIONSHIP between Magnus Carlson and Sergey Karmikin.

It will be played in my hometown of NYC at the Seaport.

For all those that are into chess it should be a great match.

They will play 12 games and 6.5 points wins the match.

Carlson is a strong favorite with odds of -625

He should win easily and those odds, which seem strong, actually offer value

Yikes, looks like there are no deflationists left standing.

I’m totally open to Dow 30K to moon and beyond, and willing to buy, but let’s see the SPX and Nasdaq reach new closing highs first.

So, Ackerman’s finally gonna stop the mouthfarting about a deflationary collapse, eh.
Sure Clowncare sucks, big, but you seem to have a personal vendetta agin’ it.
And let’s not forget that any ‘infrastructure boom’ will be spent out by the government, with accompanying efficiency and wisdom, and received primarily by the likes of GE, UTX, Boeing and other private bureaucracies run by John Stumpf’s that have a hardhat laying around somewhere(these are the guys we really need to come after with pitchforks, the corporacrats). Hey, I’m glad Maw Clinton’s ruined but even if I really truly thought that Donny was a small-government, true free market guy on a visceral level(really, he’s a corporatist, just a different type of one, like all the rest), just look at the people he’s got around him: Pence, Giuliani, Christie, Gingrich, Mnuchin(One o’ Rick’s ‘sleazeballs” from the Vampire Squid itself), yadda, yadda. All corporatists/globalists from the Republicrat side of the coin(and Pence is a particularly cowardly one). And even if Trump had great people around him, he’s still got to get legislation through Congress, and rely on hacks like Pauly ‘NoNuts” Ryan and Bitch O’ Connell to do so. But of course, he can always get a bill through if it’s stuffed with pork, as rancid as necessary-our very own ‘Bridges to Nowhere’. But hey, it’s worked really great in Japan!
Most basic of all. stock fundamentals are terrible: valuations are idiotically high(as bad or worse than ’29 or ’00-especially for the median stock); fundamentals(growth in sales and net income)stink, despite all the armwaving,otherwise, oh, and now rates are ripping higher. How about Dow 8000 in early 2018-that would be really good long term value. And that would probably be best for Donny, get the buttkicking outta the way-the Fed’s dragged so much demand forward that it’s gotta happen, and the longer its put off, the worse it’ll be.
But, hey, anything can happen, so maybe it’ll be Dow 30,000 after all. But it’d be part of a Weimar-light(at least) environment, with a gallon of unleaded at $8.50, gallon of milk at $7.00 and a basic annual checkup at $600.

Days like this it´s hard to be a gold bull…
My trimmings sit on my account, but still,

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