General Discussion
In reply to the discussion: Just wanted to post this.I have a been an auto workers wife for years. We are headed for recession. [View all]Alice11111
(5,730 posts)don't have a lot, but I've been trading, as a hobby, for 30 years. I recemtly went to the side lines or I'm in places I can get out fast.
It amazes me that this market really wants to go up.
If DT can get through a day without several major screwups, it rallies. No other prez could do that. It rallies because of Deregulation and hoped for tax cuts. Plus, he put boatloads of the bigwigs on Wall Street on his advisory boards.
Anyway, I would keep a close eye on my nest egg. He isn't bringing in the goods that Repubs want...big productions of him signing his steak menu bound executive orders... followed by being shot down. Plus. Intetest rates are about to start flying up, which means it will cost a lot more to service the national debt. It will cost a lot more for debt ridden companies to service their own debt...energy and related. For individuala with dent too, middle class and working poor, they have a lot of credit card debt which paid for medical bills. Those indicators could change. I think you are seeing the canary start to cough though.
You are right on, from a market analysis point of view, the transportation index is one of the first and key indicators of a direction change.
Thanks again for the info.