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Post by mangomoney on Jan 27, 2017 12:36:02 GMT 7
Recent all time high on the Dow breaking thru 20,000 +++++++++++++++++++++++++++++++++++++++ Does Dow 20,000 Mean It's Time to Get Out? -Momentum tends to carry stocks to better returns in short term -Yet market performance is less robust six or 12 months later
Dow 20,000 -- it’s the talk of Wall Street and maybe even worth a tweet from the president. But what’s it mean to professional investors?
Mostly a call for caution, it turns out. The Dow Jones Industrial Average’s taking out of the latest round-number milestone pushed its gain since March 2009 past 200 percent. It also conjured memories of the damage done 17 years ago when the blue-chip index soared past 10,000, a siren song for individual investors seeking to jump into the dot-com euphoria.
Strategists and money managers surveyed Wednesday by Bloomberg warned about chasing performance this time, citing concerns from stretched valuations to uncertainty over Donald Trump’s policies. And history may be on their side. Data on market returns after 1,000-point milestones in the Dow show that while stocks tend to rise more than the historic average a month later, the performance over six- and 12-month periods trailed,
more...
www.bloomberg.com/news/articles/2017-01-25/-time-to-get-out-as-dow-milestone-a-call-for-caution-pros-say
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Post by Soutpeel on Jan 27, 2017 13:50:36 GMT 7
I am investing in bricks, cement and razor wire
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Post by rgs2001uk on Jan 27, 2017 14:09:56 GMT 7
I am investing in bricks, cement and razor wire Dont tell me you a building a macmansion in a paddy field in the middle of nowhere. Makes me laugh when I see these garish edifices complete with 4 metre high walls to keep the peasants out.
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Post by Soutpeel on Jan 27, 2017 14:15:39 GMT 7
I am investing in bricks, cement and razor wire Dont tell me you a building a macmansion in a paddy field in the middle of nowhere. Makes me laugh when I see these garish edifices complete with 4 metre high walls to keep the peasants out. No not this year, i intend flogging said bricks, cement and razor wire to Donald Trump for his wall
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Post by rgs2001uk on Jan 27, 2017 14:19:12 GMT 7
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