Chris Temple from The National Investor – Mon 28 Oct, 2019

US Markets continue to all time highs but will this be another short lived breakout?

Chris Temple joins me today for a look at the US markets and overall sustainability of the current all time highs. The markets have consistently reversed and sold off very shortly after all time highs have been reached all year so will this time be different? We also address the selloff in gold today and how the overall environment is impacting this.

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Comments:
  1. On October 28, 2019 at 9:46 am,
    CFS says:

    REMINDER to Trump:
    Pride cometh before a fall.

    The market is going up before the expected imminent 0.25% drop in interest rates.
    (But by any historical measure the market is overpriced.)

  2. On October 28, 2019 at 10:07 am,
    CFS says:

    I know I have a strange mind, but it just occurred to me that the quote above came from Proverbs 16.18., and we all know the number that comes between those two numbers.
    But could Q be of any help ?
    I notice that that wholesale inventories are down…
    Is that because production is down, or is that because purchases are stronger than expected ?
    Given that employment is still at record levels, for now, I will assume purchases are higher than expected.

    Of course, Amazon continues its perpetual attack on profit margins.

    • On October 28, 2019 at 11:55 am,
      OOTB Jerry says:

      Proverbs 16:17
      “The highway of the upright is to depart from evil: he that keepeth his way preserveth his soul.”

  3. On October 28, 2019 at 10:19 am,
    CFS says:

    From a recent NABE survey:
    Many business economists blamed President Trump’s tariffs on steel, aluminum, and on most imports from China for worsening business conditions. Thirty-five percent said the duties have hurt their companies, while just 7% said they had a positive effect.
    Of those who said tariffs had impacted their companies, 19% said they had lowered their sales and 30% said the duties pushed up costs.
    That has cut into profits for many firms. Just 19% of economists said their companies’ profit margins have risen in the past three months, barely half the 37% who reported greater profits a year earlier.

    There were also comments about the lack of availability of suitable new workers for hire, so raising wages were of no use. And expectation of a downturn in the economy was a further disincentive.

  4. On October 28, 2019 at 10:31 am,
    SilverDollar says:

    Sorry if this has been posted previously. I didn’t see it. Michael Oliver is one of the best IMO. His thoughts in this interview are something everyone should hear: https://kingworldnews.com/michael-oliver-10-26-2019/

    • On October 28, 2019 at 1:48 pm,
      CFS says:

      Michael Oliver is pretty good, but the Doc is hard to beat.
      Between the two I honestly don’t know which has the best track record, but over the last 5 or so years I can not remember a time when they have both been wrong.
      So while the Doc uses price chart and great commonsense and experience, and M. Oliver uses momentum and long experience, between the two we get very good advice.

      • On October 28, 2019 at 5:39 pm,
        Matthew says:

        Correction: Between the two we usually get very opposite advice. Based on his free interviews, Oliver has been very accurate and decisive for a long time.

  5. On October 28, 2019 at 10:35 am,
    Bob UK says:

    These markets are just nuts for retail guys like myself.

    I keep expecting a correction but, geesh, between money printing and bullsh*t tweets we could be sat here 12 months from now with the S&P a 1,000 points higher on no volume but endless Fed non-QE QE.

    • On October 28, 2019 at 11:52 am,
      OOTB Jerry says:

      Ditto……….I agree……

  6. On October 28, 2019 at 11:30 am,
    spacenormal says:

    Overstock working on new dividend.Seeking shareholder approval. New systems more secure on t-zero. High potential to tokenize other investments.Land,securities. Land titling through Medici Venture. Software systems for developing economies. Accurate voting systems,Provenance.This ties in with China Blockchain initiative.

    https://www.globenewswire.com/news-

    release/2019/10/28/1936060/0/en/Overstock-Seeking-Shareholder-Vote-Regarding-Digital-Dividend.html#.Xbbpz38bpD8.twitter

  7. On October 28, 2019 at 12:58 pm,
    james says:

    Belgium KBC Bank stopped selling real GOLD to Belgium Citizens ! The population start to Wake Up !

  8. On October 28, 2019 at 8:47 pm,
    buzz says:

    Trump’s a quick learner when it comes to eating one’s pride. So where does that leave the rest of the clowns?