Trumpled (Alternative Leading)

[Thryleon]

Remember, he warned that if Biden were elected, the Dow would crash. I guess he’d argue that Biden didn’t win and he did  :

Without attributing markets to any one person, place, animal or thing, the current rally on the back of middling vaccine news is doomed to fail.

Why?

They have become very forward looking on the back of the recent Vax news.  The ASX has well and truly gone into lift off.

I expect a correction will occur when the news drops on the back of how quickly vax can actually be given and become effective.  This is way too quick an economic recovery given the headwinds.

When you see current values so far above the moving averages its destined for a pull back.


Donnie can say what he likes about the Dow, but if you really want to see lift off, the stimulus package that they are waiting for will really kick it along.

So far, this is all shot in the arm stuff (so to speak) and economic foundations are very flaky currently.

Before anyone thinks to tell me otherwise, I started my investment journey in April/May, and bought my last couple of stocks about 4 weeks ago.

I am on paper ahead 20% and am looking at it, and thought my best case scenario had me here in about 12 months time.

I am even contemplating whether or not to jump out and back in on some of the ones I have bought because I see a massive correction on the news.