It’s been stagnant for the entire year. Up a little over 100 points in the last 7 months. You’d think it would have to break out at some point. Does it happen now or does it stay in chop?
Pulls out crystal ball… Looks like we can get back to that late Jan. highs and maybe a little above this year but chop, chop, chop along the way. Big push seems to be on in the S&P right now to test those highs and NASDAQ getting murdered this morning after FB surprise disappointment and guidance last night.
FB, NFLX, and T are going to start bringing down the markets along with Fed hikes increasing cost of debt. Chop off the 15% tax cut from earnings for a true indicator. Hitting saturation in a lot of industries
#smyrna sells cars. Probably foreign and domestic. I like to bring up the auto bailout (which he conveniently supported) and specific auto manufacturers (since his posts seem to support other industries having to suffer for the greater good). He never much answers about his own industry needing to suffer or fail due to capitalism.