If you are unable to see his curious mind and intellect displayed each day, it makes me wonder about your intellectual capacity. No additional comments will be provided by me.

I can only hope to be as curious and engaged as dexprs when I am 80. He demonstrates his wisdom, passion, and brain activity each and every day.

Thank you for sharing that fascinating piece of American Social history. I wondered if you might have a link to the original article.

If you do not mind my asking, I was wondering why you think a CD should be limited to one year? Kindly provide some details to support your thoughts if you don't mind. Are you concerned about the stability of the US economy? With the US debt being raised, I do wonder if interest rates will go higher. The cost of servicing the debt should be higher now and I do wonder if many social welfare programs will be cut, and taxes will be increased on those who are the least able to afford it.

OT I was wondering what your thoughts were on buying a cd for a few years at the too big to fail banks might be. Which banks fall into too big to fail other than JPM in your opinion? Any thoughts on a Discover card cd would be welcome as well.
I would certainly welcome and appreciate comments from everyone.

I have no idea of the implications of the federal estate tax cut which occurred in 2017 might be now. How were tax revenues impacted since the estate tax cut has been implemented? Any information would be appreciated.

OT. Congrats on your successful trades. Which fixed income fund is your cash in and what duration are you holding. Some banks are offering a promo introductory 15-month CD at 4.75. Thank you.

I am so very sorry to hear of the loss of your cherished wife. Please try to take some comfort in knowing that you were there for her always and forever in sickness and in health. Maybe trying to lean on friends and family during this time will offer some comfort. Hopefully they will help you get through this exceedingly difficult time. Please remember you are not alone

Thank you for sharing. How patience can you be in this market? I would expect more homes to be on the market in the spring. When would you anticipate the prices in the housing market to be lower? Your thoughts would be appreciated.

Nice to hear you enjoyed your anniversary celebration. It is probably better to celebrate after you have completed your work if you can rather than interrupting your efforts.
I did not really become concerned about the debt until 2008 when the banks were bailed out with taxpayer dollars. My attention was drawn to the debt issue at that time. The war machine has been in full force for decades too, much to my chagrin. I definitely support Ukraine so far.
What did the Clintons do that disturbed you? Their lack of integrity was troubling, but Trump seems to be willing to do anything to try to reassert his power. I would prefer a president who could try to unite this country.
I thought the VA was totally supported by the government. Without the government support, I do not see how the VA or Medicare, Social Security would survive.
It is difficult to know how to do everything. The world is so more complicated now since high tech is so paramount and prevalent in our life. Being independent is a definite asset for sure.

Great work calling 4000+. It seems your thoughts of possibly getting to 4200 may occur during a Santa Claus rally.

It seems the debt ceiling,debt service and Mc Carthy's status in his party will make the future more problematic.
Are you seeing a significant correction next year? Your thoughts are always appreciated.

I hope you enjoy your two weeks away. I noticed that you posted a while ago that your community has been preparing for independence for more than a decade. Smart move to be prepared for anything. I do wonder how people will fare in the not too distant future when medical emergencies occur. Will the hospitals accept Medicare? Your thoughts are always appreciated. I expect the Feds to fight inflation.Looking for a pullback

My thought was that many Republicans would be opposed to lifting the cap on Medicare and perceive lifting the cap as a form of taxation.
People are definitely living longer and postponing the receipt of social security makes sense assuming there is sufficient time to plan.
I do not remember a time when companies were as able to pass on costs to the consumer the way it has happened now.
It seems that the Ronald Reagan Administration resulted in a lot of debt being incurred and it has continued.
At some point a responsible administration has to deal with debt incurred over the past forty years. I realize that many people have become quite rich since 2009. It seems there ought to be a fair way to tax profits before the US economy collapses.

Thank you for your reply.I do not see the Republicans willing to require very wealthy people to pay more taxes. But I do wonder how the US pays the interest to service the debt of 31 trillion dollars at approximately 4%.... It is essentially unfathomable to me .

It seems the Feds will bump up rates twice before the holidays. I am surprised the market is holding up as well as it is. It appears companies are reporting better than I expected. Are you looking for a close over 4000? I believe your earlier post suggested you might be.

Thank you very much for your reply to me. Your ideas have a lot of merit.I just cannot see the Congress working together to find a solution. It seems no one wants to pay taxes or a lift the cap.on Medicare or Social Security. Both parties are quite irresponsible. I do wonder if the US economy will ever be even remotely fiscally prudent.

I like that you post your trades. Thank you

OT. I enjoy reading your posts. Thank you for sharing your thoughts.

Yes,I think that the next leg down is coming and then a big rally next year. I have mentioned the debt to you before and wondered if you see a debt crisis within the next few years. It has to come eventually in my opinion. Your thoughts are appreciated and valued. Mc Connell has said Medicare,Social Security,and Medicaid will not be impacted for 4 years.Will it be a reduction in services or a tax increase? Will the issue come to the forefront after the Republicans are take the majority in 2 years or the Democrats take the majority and taxes are increased? Will the bubble burst to 1900 eventually?

Thank you very much. I did not expect much beyond 4060. I will watch closely. It is interesting that some cannot wait to short the market and others believe a new bull market has arrived. I meant to post my reply to jglider.

Thank you for your comments. It looks like spy cycles retracement will peak very soon. Any comments from you would be welcome.

Thank for your post. I appreciate it very much. I just can not see how inflation can come down without a significant pullback. I am also concerned about a debt crisis. I think the rally today is because the market is very oversold.

I was wondering if you have a source to follow the Boston market. The market seems stable now but very expensive. Thank you very much for however you reply.

Biden is expected to announce 10k forgiveness of student debt probably tomorrow. I would expect a rally soon.

Not expecting much more up from here 4350 soon. Any thoughts on your cycles from here?

Where would you see the top of balancing on the Nasdaq? Hope you feel much better soon.

I realize I do not contribute to your board, but I greatly appreciate your work and the work of your major contributors. Thank you very much to all of you.

Probably a pullback and a higher high than now but with more money being printed, the feds will likely need to raise rates again in September and a significant pullback is likely to happen and last into next year. Maybe 3200 spy and 10000 nasd.. Any thoughts on your spy cycles?

Thank you very much. I meant to say next year 2023

OT Do you ever expect to see a recession in 2016? Can the US keep on printing money? The market is overvalued and has been for a while. The pe ratio remains elevated. Thinking a debt problem will surface next year. I do realize you do not have a crystal ball.
Thank you for all your work.

I was only thinking of politicians who are possible candidate for presidents in 2024. Would you be able to identify presidential candidates that would be considered centrists?
I expect the stock market to be volatile this week due to concern about the Feds tightening more next Wednesday and possibly again in September since jobs seems to be plentiful but the economy has already slowed down somewhat. My concern is how will earnings season be impacted by inflation and are the Feds really going to show they are really concerned about inflation....
My dad was an immigrant from Ireland and worked three jobs to support his wife and five children. He served in WW2 and taught himself to become licensed gas fitter which allowed him to only work two jobs .
The cost of tuition was 2800.00 per year in 1975 and tuition only at Boston College is now 62,950. I am not advocating for free services whether they are tuition costs, debt forgiveness, or day care,etc.

I can not think of even one politician who would have the respect of the majority of both parties which is what our country needs.

I could not agree more with the need for our country for a centrist but at this point what could a person like Ross Perot actually do? Would someone like him be listened to by the radical left and right?

Your thoughts for July 5th was a sight to behold. Amazing!

Thank you very much for sharing your thoughts.I find it hard to imagine SPY will not see a lower low given the current rate of inflation. Though the lower GDP numbers have occurred,the feds are in a bind of their own doing.Can the feds just pretend inflation will just go away? The Feds have already acknowledged they are behind and inflation is not temporary.

Thank you very much for your posts. I find is amazing that your grandfather, your dad and you have been students of the stock market for so long.You have passed on your wisdom to your nephews and now you will pass on your knowledge to your grandson. I feel blessed to read your posts and appreciate your effort, wisdom and generosity probably more than you could ever imagine. I welcome any further contribution in the future however you might wish to communicate. I fervently wish I had seen your board many years ago. It seems that your analysis of the market far exceeds any analysis by people who paid millions for their thoughts. Thank you for the clarity of your most recent post.
I am happy that the feds will continue to raise rates in July and perhaps smaller hikes later in the year.

As always, thank you for your reply and sharing your wisdom. The current 30-year mortgage is about 5.8%, Are you expecting the mortgage rate to hit 7%? It seems treasuries interest will not peak for a while then. Interest on the debt ought to be quite concerning.

I am delighted that you enjoyed your fishing vacation. It seems the .75 % hike has ripped of the bandage and more pain is coming. Are you expecting more hikes? Interest on the debt is disturbing and will cause more pain. It is simply beyond me how all these politicians live in an alternate realty. Constant printing of money and tax cuts are simply voodoo economics.
Thank you very much for your detailed commentary. I appreciate it very much.

I hope you had a very enjoyable fishing trip. I wondered if you expected the feds to hike rates .75 % and how that impact your thoughts on the economy?

Thank you and enjoy your fishing trip. It seems the Nasdaq will rally soon as well too.

I hope you enjoy your fishing. I will be watching for the pop next week. It sure is a tricky market Thank you so very much.