Warren Buffet: Dow 1.000.000 in 100 years… Simple and obvious…

Posted on Oct 02, 2017 by .

0

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

Recently Warren Buffet made another of his seemingly aggressive statements about the market:  In a hundred years the Dow will top 1.000.000.  This is actually a no-brainer.  1.000.000. is  an under call.  The way to look at this is to calculate the projected CAGR (Compond Annual Growth Rate). Buffet’s statement predicts a CAGR of 3.76%.  A year ago when I published Sacred Chickens, the Holy Grail, and Dow Theory I calculated the CAGR of the Dow for 113 years at 7.87%.  So we can see that Buffet’s call is actually very conservative.

Continue Reading

Love notes from the market…

Posted on Sep 12, 2017 by .

0

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

Of course we pay attention to those famous gurus who called the crash of ’87 and ’92 and 2001 and 2011 and 2013 and…who are now predicting a (at least) pullback of 5%.  (And who are the wall of B.S. the mareket must climb.)  We pay attention to these Cassandras and also to hurricanes Harvey, Irma, Jose, and Trumpster.  Then we get charts like this and wonder why we waste our time.  Two gaps and a new high and a triple digit day in the Dow.  What’s not to like?  We’re adding on to our UPRO position.

Continue Reading

Price rides Zeta wave…

Posted on Aug 30, 2017 by .

0

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

Readers will immediately see the A-B-G-Z pattern being fulfilled here.  (See our recent letters.) We have almost always found buying at this point to be profitable.  Often in these cases we set a higher stop on the add-on than on the basic position.  In this case 2310.72

Continue Reading

 Page 1 of 221  1  2  3  4  5 » ...  Last »