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S&P 500
5,477.90
(
0.16%
)
US TECH 100
19,162.00
(
-0.07%
)
Dow Jones
39,127.80
(
0.04%
)
Brent Oil
84.47
(
0.34%
)
Bitcoin
60,895.65
(
-1.48%
)
Post# of 113932
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micham2012

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micham2012

Re: hweb2 post# 29647

Thursday, 12/29/2016 8:35:11 AM

Thursday, December 29, 2016 8:35:11 AM

Post# of 113932
On CNBC Art Cashin talked yesterday about year end portfolio adjustments by funds and the resulting (modest) rotation back into bonds that some would be required to undergo. I don't know much about funds that have these kinds of allocation concerns, but he was pretty much convinced that if we did not see Dow 20,000 yesterday, we would have to wait for 2017. I have found him to be a pretty sharp guy over the years.
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