The fact that the Dow Jones Industrials Average is at 20,000, that does not reflect a healthy economy, it reflects a bubble! U.S. stocks are very expensive. Candidate Trump has it right when he called it a big, fat, ugly bubble an it is bigger, fatter and uglier now! (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ))
Feb 9, 2017
Markets: U.S. Dollar, Gold and the U.S. Stock Market
It was the weakest January for the U.S. Dollar in 30 years! Gold prices are rising, commodity prices are rising and for all the hype about Dow 20,000, the U.S. stock market is pretty much the worst performing stock market in the world so far in 2017. if you adjust for currencies. (SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), SPDR Gold Trust ETF (GLD))
Subscribe to:
Posts (Atom)