The Most Bullish Chart has a Stock Market Crash in the Middle of It
It is normal for there to be corrections with a generally bullish market, which we've been in for 6 years now and I believe will continue.
The chart above does NOT mean our RED line will continue, as it could be the end of the bullish trend. I don't think so, but it's possible. I've made the argument many many times why I've come to my conclusion (see previous newsletters and videos going back 2 to 3 years).
We have 3 months left in the year, but more importantly, if you're invested in the stock market in any way, you should have years in your time horizon.
China?
I still owe you a video on China, and how I think it's going to impact things.
It's tough in that we've never had such a large player be so guarded in it's data.
Economists for now are continuing to be optimistic about China, predicting a positive growth for 2015 even though the markets and their currency have gone haywire.
More to come next few weeks as I complete my analysis and video on China.
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Yellen: Anticipate Raising Fed Funds Rate this Year
Federal Reserve Chair Janet Yellen recently spoke, and was very blunt about her belief that raising rates later this year is a good thing, and will in fact happen.
I've stated before that the markets hate uncertainty, and would rather know a bad thing than not know a good thing.
Crazy, eh?
But, we've all been expecting this rate increase and it's being priced into the markets, at least in my opinion.
That's a good thing.
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Star Wars: The Force Awakens
I've rented an entire movie theater for a pre-release of Star War VII - The Force Awakens
I'll be sending out invites within the next month, for clients and their friends/families.
I think this will be a hot client event for me this year.
It's Star Wars! And before it's in general release!
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