An ancient market signal has been triggered today, one that was used by men riding on horseback to work, 100 years ago to this very day. As you sit there, in your pleather chair, analyzing charts and what not, you should know that the Dow Jones Industrial Average and the Transports, aka "The Trannies", both closed at record highs today. This sweet concoction of market ambrosia is called The Dow Theory Signal, and you should behold it.
Productivity decline most since 1993? ... no Problem - Buy the Fucking Bankrupt Bank dip...
The day started off with Italian authorities telling BMPS to prepare for a state bailout, which enabled this total farce...
Update: Boeing has issued a statement following President-Elect Trump's tweet.
“We look forward to working with the US Air Force on subsequent phases of the program allowing us to deliver the best plane for the president at the best value for the American taxpayer,” Boeing spokesman Todd Blecher says in e-mail.
European and Asian markets rose, while U.S. index futures were little changed, with the Dow Jones Industrial Average pushing for yet another record, as traders digested the Italian referendum news, await the ECB's Thursday announcement and reflect in a notably quieter overnight session. Oil slipped from a 16-month high after 4 straight days of gains, as doubts emerged about how OPEC will implement the first supply curbs in eight years. European bonds gained with stocks.
Everyone's doing it, just follow them...
An interesting week: