“I predict we’ll hit Dow 20,000 this year” – StockCats January, 2017 Fixation on Dow 20k… One thing that’s been bugging me recently is the incessant “cheerleading” of Dow 20,000 on CNBC. I believe the unhealthy fixation on Dow 20k kicked off shortly after this interview. Soon after they started running with “The March to […]
A couple years ago I noticed a strange phenomenon that occurs around the end of each year – and the beginning of each new year. Dozens of necktie-clad stock market experts appear on CNBC (and in other media) and proclaim they “expect the market to rise 8-10%” the following year. Since this annual ritual seemed […]
Ahead of the Election there was no shortage of “expert predictions” of what was likely to happen. Not only did most of Wall Street get the outcome of the election completely wrong – they got the stock markets reaction wrong too. Some may point to the Futures plunging -5% overnight as a sort of confirmation […]
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So GDP is estimated to be running at 2% in Q3? Guess that’s better than the .9% in Q1 and the 1.2% in Q2.