Dow 20

By EconMatters

Dow 20,000 teases everyone ahead of The Fed...

http://www.youtube.com/watch?v=FsqJFIJ5lLs

Trannies and Small Caps underperformed as The Dow pushed on once again to new record highs (Nasdaq best on the day)

Stocks were spooked in the last few minutes as The ECB denied Monte Paschi's capital plan...

While The Dow failed to make 20k today, we note it is up over 2000 points from the pre-Trump lows...

With Goldman accounting for over 20% of all those gains...

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!

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Wow…things are certainly happening faster than I expected. As January kicked off the new year, I posted my outlook for 2016 in which I discussed why, despite views of Goldman Sachs and many others, interest rates were going lower rather than higher.

Well, no one ever accused Jeremy Siegel of being bearish, but now he is at least less bullish after witnessing one of the worst Januarys for stocks in history.

"I was far too bullish last December," Siegel told CNBC on Monday, on the way to asking if central banks had the firepower to “counteract all of the deflationary forces.”

“That’s clearly spooking the markets right now,” the vaunted Wharton school professor said of the deflationary boogeyman the world just can’t seem to shake despite trillions in global QE.