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Dow Theorists get chatty as both the DJIA (DIA) and DJ Transports (IYT) set all-time highs...

Dow Theorists get chatty as both the DJIA (DIA) and DJ Transports (IYT) set all-time highs yesterday. "I've never seen anything like the action since the 2009 bottom," says Richard Russell. Ryan Detrick says when both averages make new highs near the same time, stocks tend to see strong returns over the following year.
Comments (4)
  • TheeSeer
    , contributor
    Comments (245) | Send Message
     
    I day trade for the simple reason that all the information we receive from the media is so polluted with half truths that long term planning is simply too dangerous.

     

    If Central Bank printing presses were the answer to all our problems then why work? Why save when its likely that only "risk" assets, IE the stock market, has a chance of keeping up with inflation? When will anyone protest the lack of gas and food prices in the inflation numbers? How can the Euro be at 130 when Spain has 26% unemployment and 50% youth unemployment, not to mention the Cyprus bailout, the Greek depression, and the rising problems of France and Italy ? If the USA's economy is improving why is Detroit on the verge of BK and has been taken over by the State of Michigan?

     

    If housing is really recovering why aren't the banks releasing the 4 million shadow inventory houses and when they do what happens to the so called "price stabilization" and home construction? When are banks going to use traditional and honest accounting of their balance sheets instead of the fantasy "mark to model" that masks insolvency? In short this is the largest Ponzi Scheme in history and like all Ponzi Schemes one day a Black Swan will sit down in the middle of the road lay an egg and remind us that if it looks like a duck and quacks like a duck, you can be damn sure its a duck!

     

    So be careful not to be the one with egg on your face when this "party" goes the way of Madoff and Tulipmania!
    7 Mar 2013, 07:20 PM Reply Like
  • Water Brothers Financial Co...
    , contributor
    Comments (377) | Send Message
     
    excellent synopsis hitting all the key questions. Answers?
    8 Mar 2013, 03:31 AM Reply Like
  • carepearce
    , contributor
    Comments (12) | Send Message
     
    Preach on. but it might take longer than we think.
    7 Mar 2013, 11:23 PM Reply Like
  • bb64
    , contributor
    Comments (8) | Send Message
     
    Just keep riding the bull with SPY calls. By the time it all comes screeching to a halt we can be kicking back in a hammock in Tahiti. If the black swan comes calling a little earlier than anticipated you'll lose the value of your contracts, nothing more. Of course, with everyone waiting for a 10% pullback, as long as you have a couple of months until expiry on your calls, you won't even lose the value of those.
    9 Mar 2013, 06:15 AM Reply Like
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