IMO, The Dow will hit 12,000 before it hits 20,000 now that we are

[CK_John]

entering the dark years and the world knows it.

Maybe we don't but everyone else does.

[RKP5637]

1. My bet is it's going down after the tRump euphoria ends. n/t

[Angry Dragon]

2. Trump is planning on bringing back the Dark Ages

to hell with Making America Great Again

[The Velveteen Ocelot]

3. It's been high lately

due to last quarter's good numbers, and because at least some corporations believe Trump will be good for their businesses. Let's see how long that euphoria lasts after he's actually taken office and starts tweeting bizarre shit that could cause more unrest in the Middle East, or when he stirs up a trade war with China. I sold some airline stock last week because I figure that before long we'll be an international pariah and nobody will want to come here (even if the dollar collapses, which is also possible), and because oil prices are going up again. Markets hate uncertainty, and Trump's combination of ignorance and impulsivity is going to cause a whole lot of that.

[RKP5637]

4. Agree!!! Well said!!! n/t

[unblock]

5. yeah i've been complaining about the "uncertainty" crap for ages now.

we've had remarkably stable interest rates, remarkably steady growth in the markets and the economy, and a very, very gridlocked congress -- may not be a good thing, but it is remarkably steady.

in other words, while the cnbc idiots (both hosts and guests) have been whining about "uncertainty" for ages, in face we've had the most stable period in a very, very long time. hillary would have been very similar, in part because she's calm and rational, and certainly in part because a republican house (at least) would have meant yet more gridlock. again, not good, but certainly stable.

now we get an unchecked party which no principles beyond power and greed in control of everything with a rabid, ignorant lunatic at the top.

fasten your seat belts, it's going to be a bumpy ride.

and yet they claim the recent rally is entirely due to optimism about toxic trump.

pure propaganda.

[haele]

7. I'm wondering if it's high because of hedge funds.

This activity looks to be more like the end of the Tech Bubble market of the mid-late 1990's. My 401K is feeling itchy; I'm thinking of transitioning more to bonds, if I can find something secure that the Republicans won't figure a way to screw up the little investors on. I'm getting too old in my career to ride out another crash like 2008 - and we aren't going to have a progressive economic investment package to pull us out of a bubble burst. A small, select group of wealthy piggies is waiting for the bottom to fall out so they can pick up bargains at a fire sale...

I'm looking at the foreign markets and they're looking like they're getting ready to hunker down, and Russia's stocks are quietly and slowly growing.

Like a few others have said around DU, it looks as if the Petro-dollar is getting ready to be replaced by the Petro-Ruble within the next five years or so.

Haele

[uponit7771]

6. THE DOW DOUBLE TOPPED !! That's usually a prelude to a big move up or down

[safeinOhio]

8. 7 years ago I sold gold and bought stocks.

Now I'm selling stocks and buying gold.

Nothing big, just my retirement savings.

Investing is really simple, buy low and sell high.

[Liberal In Texas]

9. Pulled out of my 401K (stocks) after the election.

Moved it to an IRA. I know it's looks like a bull market right now, but I think the bottom is going to fall out at any time and I don't think there will be any warning. I didn't want to get caught again like in 2008 when Bush crashed the economy.

[dumbcat]

15. What's in your IRA?

If you pulled out of stocks, what are you in?

[Liberal In Texas]

17. Just a savings IRA at the Credit Union.

Interest is crap right now, but I know the money is in a safe place. May see how the wind blows in the next few months and figure out how to maybe get it someplace to earn a bit more.

[onenote]

18. So you don't think that Obama has gotten the country back on a solid economic footing?

The market will rise and fall, but it doesn't play politics as much as some people here think.

All I know is that someone who yanked their money out of the market right after the election has passed up a pretty nice gain (Dow up over 7 percent since early November). And if they immediately bought gold, they've seen that investment decline by over 8 percent (although gold is current rising again).

[PoindexterOglethorpe]

10. Not to be argumentative,

but earlier today it was only 25 points away from 20,000.

I strongly suspect it will reach that, and maybe continue to climb a bit until January 20, 2017.

After that, who knows?

[mnhtnbb]

11. I went to all cash--except a small amount in a gold fund--after the election.

At 65 I can't ride another downturn like 2007-2009.

I'm waiting to see whether interest rates settle a bit next year or look like they will just continue to be adjusted upwards.
That means short term CD's or bonds, probably.

I'm not going to short anything, either. Too risky for me at this stage because I suspect I'm going to need my IRA to live on
when they start messing with SS and Medicare.

[CK_John]

12. Keep it a safe place and insured, not in a mattress.

[mnhtnbb]

13. Really!

Still sitting in various brokerage accounts, insured.

[Historic NY]

14. I sold off over 7000 shares and banked the cash.......

the bubble will break and it will be a sudden deflation.

[HoneyBadger]

16. If we get financial sanctions against Israel, there is no bottom

[former9thward]

19. Are you willing to revise your prediction now?