Will DJIA hit a new high today?

[moneymaker]

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/

[The-Shoveler]

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…

[spdrun]

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.

[Coronita]

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

[The-Shoveler]

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.

[spdrun]

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.

[moneymaker]

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

[poorgradstudent]

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.

[spdrun]

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

[Author]

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