Will DJIA hit a new high today? – Piggington's Econo-Almanac

This topic has 8 replies, 5 voices, and was last updated 9 years, 10 months ago by spdrun.

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February 13, 2015 at 8:15 AM #21409

moneymaker
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In other words is this http://stockcharts.com/freecharts/historical/djia1900.html sustainable?
Another interesting read http://www.smarteranalyst.com/2015/02/13/2-harbingers-financial-doom-mirror-crisis-2008/

February 13, 2015 at 9:13 AM #782950

The-Shoveler
Participant

IMO, as long as the Fed does not raise rates significantly I don’t see a crash (I really think it unlikely they would do that).

Even Germany is seeing they have to play along with Greece or risk a significant downturn, they just released blow out GDP this morning as well.

Greece is a small player in a much bigger game, so…

February 13, 2015 at 9:32 AM #782951

spdrun
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No one sees a significant crash till it comes. 🙂

Despite oil prices falling, the sheep aren’t shopping…
http://www.reuters.com/article/2015/02/12/us-usa-retail-sales-idUSKBN0LG1OH20150212

This jibes with moneymaker’s second article.

February 13, 2015 at 9:49 AM #782952

Coronita
Participant

I don’t know. But I’m buying 800 shares of american express just now, after selling my vested company issued RSU stock grants (which is at a 52 week high) Lol

February 13, 2015 at 10:46 AM #782953

The-Shoveler
Participant

I think the effect of lower Gas prices are really just starting to kick in,

L.A. Traffic is absolutely insane the last few weeks, this with all the port workers striking etc…

I have only seen this occur in the past when the economy is cooking.

February 13, 2015 at 11:08 AM #782955

spdrun
Participant

Doubt it — we should be seeing an increased effect on sales already and it’s not happening 🙂 Gas prices have been down for months now.

February 13, 2015 at 4:55 PM #782974

moneymaker
Participant

The answer is NO ! However treasury rates are heading up.

February 20, 2015 at 2:13 PM #783209

poorgradstudent
Participant

18,140 today at close.

I’m at the point where I’m feeling very tempted to shift my 401k out of stock funds to try to time the market, but I’ve had very mixed luck with that in the past.

February 20, 2015 at 2:19 PM #783210

spdrun
Participant

Maybe Syria will act up next week 🙂 And economic numbers from the US aren’t looking so hot after QE was put to bed.
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