Dow 20000. Major milestone on steroids…

Posted on Jan 25, 2017 by in Letters

http://stockcharts.com/freecharts/pnf.php?c=%24INDU,PWTADANRBO[PA][D][F1!3!!!2!20]

We wrote a letter a few days ago -- don't wory you didn't see it becuse we didn't send it.  The title may tell you why:  "If there's nothing to say, don't say it."  In short market action was so boring that there was nothing to say, so after admitting this we just shelved the letter.  Which is replaced by some big news -- the Dow cracked 20000 -- and not only that, it did it in the shortest time period in history.  There may be something to worry about there -- but more of that later.  Here is the chart of that:

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