I’d believe a 243.58 overshoot target (up from 1/3/19 142 low) but first bulls would need to get past a 233.77 wave 3 target (up from 6/28/17 141.7 low) which is a near potential double top with the 10/3/18 233.47 all time high.
watcher7Sep 18, 2019 @ 3:24
This bull market will only end after the blow-off top, with money concentrating in the US:
* Martin Armstrong, September 18, Flight from Public to Private:
When you enter these periods of uncertainty, interest rates, dividends, and expectations of profits no longer mean anything. The primary objective is to park money in a safe place where you get it back. Banks are questionable with bail-in policies and negative interest rates. Now even gold is being targeted. Where else to go but equities?
33,161 on the Dow still looks good.
&&&&&&&
How about long-dated Treasurys, for one. But stocks as a safe haven? Maybe in times of rampant inflation, but not now. Armstrong has made a better argument here AGAINST equities than he has justified their purchase. RA
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I’d believe a 243.58 overshoot target (up from 1/3/19 142 low) but first bulls would need to get past a 233.77 wave 3 target (up from 6/28/17 141.7 low) which is a near potential double top with the 10/3/18 233.47 all time high.
This bull market will only end after the blow-off top, with money concentrating in the US:
* Martin Armstrong, September 18, Flight from Public to Private:
When you enter these periods of uncertainty, interest rates, dividends, and expectations of profits no longer mean anything. The primary objective is to park money in a safe place where you get it back. Banks are questionable with bail-in policies and negative interest rates. Now even gold is being targeted. Where else to go but equities?
33,161 on the Dow still looks good.
&&&&&&&
How about long-dated Treasurys, for one. But stocks as a safe haven? Maybe in times of rampant inflation, but not now. Armstrong has made a better argument here AGAINST equities than he has justified their purchase. RA