Submitted by Lance Roberts via RealInvestmentAdvice.com,
Review & Dow 20,000
This past week, the market advanced 3% heading towards my target of 2400. The Dow broke above 19700 and is within striking distance of the “psychological” summit of 20,000.
With just 250 points to go, it is extremely likely traders will try and push stocks to that level by Christmas. Woo Hoo!
Via Dana Lyons' Tumblr,
Active managers have adopted an average of over 100% exposue to stocks; such exuberance has not been necessarily represented a poor bet in the past, however.
The following post apperared 12/9/2016 at Trader Scott's Market Blog:
Stocks are going to Crash.
This wasn’t the case a mere six weeks ago. But the Bank of Japan has committed one of the most egregious manipulations in history.
The Yen/ $USD pair has imploded by over 14% in the last six weeks. The last time the pair fell this much the BoJ expanded an already monstrous QE program by $260 BILLION.
This time around it is nothing more than abject monetary devaluation. The Bank of Japan has accomplished in SIX WEEKS what previous took $260 BILLION and SIX MONTHS.