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Thursday, 11/10/2016 10:00:50 AM

Thursday, November 10, 2016 10:00:50 AM

Post# of 19917
Okay, if I can remember correctly, the Dow was over valued at 18,400. Wall street is warning everyone of a big market crash if Trump wins. Fed futures sell off more than 800 points the night of Trumps victory. All of a sudden it's a good thing he won. Now 18,400 is not over valued. Christmas is looking to be a bad one for retailers. Credit card debt is at a record high. People are still paying really high Obamacare premiums. They have no money. We are still 70 days away from Trumps swearing in. How many more days before any of his pro growth policies are implemented and start to take affect, six months, nine months? The bond market is selling off and I'm sure that money is going into stocks. Whats going to happen when earning season comes around and EPS has not improved? If you are buying stocks now you better consider selling at least a week before earnings season starts. 18,760 I guess is not over valued but 18,400 was. The sell off in the bond market has pushed the 10 year to 2.11%. This will have an impact on home purchases. It will also affect the interest we pay on individual and the national debt. The market will crash. I don't expect Trumps pro growth policies to take affect till the second half of next year.

One more point. Over night gold and silver were up in over seas trading. Asia is buying. The U.S. opens trading and it sells off.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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