Please Welcome David Isham!

EST

With surgery and an indeterminate recovery period just ahead, I’ve given my colleague David Isham (EYE-sham) free rein to speak his mind here in my absence (which I hope will be brief). I was somewhat startled to see that, in his first Morning Line at-bat here yesterday, he boldly predicted that the Dow Industrials would hit 40,000 before the bull market ends. Considering how skeptical I am toward a stock market that has been pumped full of steroids by the Fed, readers might ask whether Rick’s Picks is sending out mixed messages. My suggestion is to keep an open mind toward any and all possibilities.  Although I could (and often do) give you a dozen good reasons why the Dow should be trading at half its current price, I cannot offer any guarantees that it won’t hit 40,000 first.  As unlikely as this seems to me, it’s a scenario that neither I nor any of my fellow permabears can afford to ignore.

David will also be putting out some actionable trading touts in the week ahead. He has been a Rick’s Picks subscriber since the beginning — which is to say, for long enough to develop a distinctive style of his own. I hope you enjoy his work as much as I do. He brings a level of sophistication and imagination to chart-reading that could change the way you play the game.

Comments on this entry are closed.

none May 7, 2018, 11:03 pm

Hope you become well and full speed soon.

Opinions are good, and as you say all welcome.

Get ready you are in ‘the plunge’ more than any and many could not have a sense to the fact for the next 6-7 years ahead ‘dead ahead’ an American and World upheaval like never before.

A dull congested market ahead, dont bet on it, here we go!

William Crapo “Billy” Durant (December 8, 1861 – March 18, 1947) = Warren Edward Buffett (August 30, 1930)

Rest well friend.



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