Tuesday, November 22, 2016

BOOM, BOOM: Dow at Record New All-Time High, Existing Home Sales Near 10 Year High

This is not what a recession looks like.

Austrian-lites lose.

And this from The Wall Street Journal:

And the Fed is going to raise rates again--soon. They are not going to reverse the last hike. They are not going to push rates into negative territory because "they have run out of fire power."

And who would have thought a Donald Trump election victory would have been a buying opportunity in stocks.

This is what I wrote in the EPJ Daily Alert on Friday the week before the election:
It still seems difficult to get a good handle on who is going to win this election. There is a possibility I may accelerate some buying on Monday but KNOW this I consider it a major buying opportunity if Trump wins the election and the markets sell off.
Here are some of the positions that were on the recommended list in the ALERT going into the election:
 Direxion Daily S&P 500 Bull 3X ETF (SYMBOL: SPXL)

iShares Dow Jones U.S. ETF (Symbol:IYY)

 iShares U.S. Financials ETF (Symbol:IYF)
All these positions remain on.


(Past spectacular recommendations do not necessarily mean future spectacular recommendations.)


  1. A few of the 'nostradumbasses' have been calling for a blow off top when the bond money starts to stampeded into stocks...then the whole thing comes crashing down.

    Do you follow Martin Armstrong?

    1. Yep Marty will be right... capital flees the world to the US sending USD to 80's highs dow 24k then 32k gold rises in tandem. Then kaboom...

  2. RW, congratulations on your stock picks. However, you communicate as if QE actually helped the economy by pumping risk assets.

    The real economy remains in borderline recession. Any prediction on Durable Orders tomorrow?

    1. Durable goods orders up 4.8% - biggest jump in a year

    2. Core capital goods shipments are down 5.2% from a year ago. Core capital goods orders are down 4.0% from a year ago.