sp'weekly8 - mid term bullish outlook
Summary
It has been one hell of a week...
The political drama has ended (at least for a few months). Normal service has resumed. The QE continues.
...the market is rallying, and will keep rallying until the QE fuel stops.
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This is the 4000th post since I joined the party 18 months ago. I can only hope I'll make it to the big 10k..and where will the sp' be then ? How about 4K?
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I think GOOG says everything we need to know about the current market state...
GOOG, monthly, 10yr
A huge gain on what are good profit margins..and likely very significant continued growth in the years ahead.
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3.25pm...sp'1742, pretty incredible really, but last weeks closing weekly spike-floor candles were warning of a turn. The only thing that really needs to catch up is the Dow.
Equity bulls should be seeking a weekly close in the 15800s this Nov/Dec. That should be enough to confirm much higher levels.
Dow, weekly.
*Clown finance TV going all out to celebrate their 'Queen cheer leader'. Similarly, Mr Market has come a long way since the early 1990s.