Friday February 2nd was Ground Hog Day in the United States. The stock market woke up…something changed. But it wasn’t just the stock market in the United States, it was happening around the globe. But first back to the famous ground hog, Punxsutawney Phil.
Punxsutawney Phil saw his shadow and there’s suppose to be six more weeks of winter. In honor of this day, I watched the Bill Murray movie, Ground Hog Day.
We just can’t get 1929 out of our minds. I say we because I know that are a few others out there who are still haunted by the crash that led to the Great Depression and World War II.
Why? I think, for one reason, the crash seemed to appear out of no where and became devastating. And although the “Great Recession” of 2007-2009 was very bad, it did not lead to the devastation of post-1929.
I believe the Great Recession was the first shot across the bow. And to fight it, the major central banks of the world did the only thing they knew how and that was to flood the world with cash to prevent deflation.
So here we are, 8 years and 4 months from the low in March 2009. And where do we find ourselves? July 1929. Continue reading
Well, we now have a new president with Donald J. Trump sworn in as the 45th President of the United States yesterday. The stock market has been on a tear since the election.
As of the close on January 19, the last trading day prior to inauguration, the Dow Jones Industrial Average (DJIA) is up 7.6% from the close on November 8, Election Day. Continue reading
In this brief video I look at the market both from an earnings and technical view.
Get my free pdf “Warnings at the Top” that explains in greater detail what I’ve been seeing.
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