Even with some considerable drag from AAPL, the world’s most valuable publicly traded company, the broad averages chugged effortlessly higher on Thursday, extending their seldomly rebuked winning streak to yet another record high. Apple shares fell 1.5%, but this loss was more than offset by lunatic-powered rallies in AMZN, BA and NFLX. Respectively, they rose 1.5%, 2.6% and 3.1%. It was all in a day’s work for these high-fliers, although it is surely less work than it might have seemed, given that there are no aggressive institutional sellers in any of these stocks. If you want’ em, you’ll have to pay up! Shhhhh. That is the bull market’s dirty secret. No question, the index-fund geniuses on Wall Street have a great thing going for them compared to those who actually work for a living. If AMZN, BA and NFLX were seed crops, farmer Brown would sleep till noon every day, then spend his afternoons whittling balsa tractors, tying flies and fishing for steelhead. Episodes of Justified, Banshee and Game of Thrones would follow leisurely, two-hour dinners. At the end of the year, he would call his broker to learn that he’d cleared more than a million dollars — after taxes. Has any farmer who ever lived been gifted with a nine-year run of good luck?
What If Farmer Brown Lived on Wall Street?
- January 28, 2018, 7:30 am
-
January 27, 2018, 10:59 am
Will next Wednesday be a Puetz lunar eclipse bubble top in US stock market?
-
January 26, 2018, 9:30 am
Farmer Brown..LOL, Have not hear that one in a long time most, many don’t even know what that term means.
https://topdocumentaryfilms.com/zeitgeist-the-movie/
Have a great weekend Rick.
-
January 26, 2018, 12:06 am
The MSM said 82% of the wealth increase in 2017 went to the top 1%.
They also said that 60% of Americans do not have enough cash to pay for a $1000 unplanned emergency.Amazing that no matter how many times the American Proletariat has been kicked to the curb since LBJ took power, they never revolt!
Trump is the first guy to tell them “You’re getting screwed boys and girls” since Ross Perot. And he barely beat Hillary by a nose at the wire!
Perhaps since Government spending at all levels is 38% of US GDP, we have passed the point of no return!
The 1% are in the process of getting the last dime out of the till!
After that, Neo Feudalism!
It is beginning to look like my prediction of a revolt when 12 people own the entire planet is not going to happen!
Quelle dommage!
Hi Rick & friends.
Just a quick message…..
It’s time to pay close attention to what’s now in progress. Search Qanon on YouTube or elsewhere & please familiarize yourself with what’s probably the most important event that’s happening in America.
Whatever our personal stand on this, it’s happening regardless. How it plays out is anyone’s guess, but it’s certainly going to have hugh ramifications for America & the World.